Does Your Portfolio Spark Joy?

As with decluttering your home, winnowing down your number of accounts and the holdings within them can be incredibly clarifying

Christine Benz 25 March, 2019 | 11:59AM

Marie Kondo

Inspired by organising consultant Marie Kondo's Netflix show and best-selling book, "The Life-Changing Magic of Tidying Up," everyone, it seems, is getting rid of possessions that no longer “spark joy”.

Should your portfolio be next on your "To-Kondo" list? I'd say emphatically, yes. As with decluttering your home, winnowing down your number of accounts – and the holdings within them – can be incredibly clarifying. With fewer accounts and holdings, you can better focus on the really big determinants of your financial success: your asset allocation, your savings or spending rate, and your proximity to reaching your goals. You won't risk getting bogged down by assessing your portfolio's value/growth exposure or paying attention to media reports on shares that you own.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

About Author

Christine Benz

Christine Benz  is director of personal finance at Morningstar and author of 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances.

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