5 Steps to Kickstart Your Portfolio

Now is the time to troubleshoot portfolio problems to be sure of improving your bottom line in 2015

Christine Benz 5 January, 2015 | 8:45AM

This article is part of Morningstar’s Guide to Investing Ideas for 2015, our comprehensive round-up of where the most promising stocks, funds and markets can be found this year.

Many of the basic rules of investing are counterintuitive. For example, rising interest rates may be good news for those shopping for short-term savings vehicles, but they're generally bad for bond funds. And here's another: The lazy investor is often more successful than the hard-working one.

If you're checking in on your portfolio holdings every day—or worse yet, throughout the day—you may be tempted to trade more than you need to. In turn, you may run up high transaction costs and taxes, and you're also more likely to chase hot-performing stocks and funds in the hope that they'll continue to outperform. That can be a recipe for disaster.

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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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