A Year-End Portfolio Review for 2023

As the year winds down, check up on the health of your portfolio and your plan. [Morningstar](?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_improvingfinances&utm_content=50527&elqTrackId=a5947bb711ec46019c28232a0302ffb7&elq=2ee4772c01524f41a8d43dec85a431ee&elqaid=50527&elqat=1&elqCampaignId=25282) [Improving Your Finances] Improving Your Finances with [Christine Benz]( [Christine Benz] For investors, 2023 was a welcome reversal from 2022′s annus horribilis. As inflation showed signs of easing, both the stock and bond markets breathed a sigh of relief that the Federal Reserve’s aggressive interest-rate hikes were likely behind it. U.S. stocks, especially the large-cap growth and technology stocks that were hit so hard in 2022, recovered a lot of their lost ground. Bonds also regained their footing. Meanwhile, cash yields remained robust. If you’re a disciplined investor, you can use an annual portfolio review as a way to check up on your portfolio—and potentially make some changes—within the context of your well-thought-out plan. After all, even if you haven’t actively made changes to your portfolio mix, the contents of your portfolio may have shifted. I wrote about [how to conduct a year-end portfolio review]( including some tax-related adjustments you might wish to make before year-end. Relatedly, I appreciated Amy Arnott’s look at how rebalancing might be in order for a lot of investors. In[this video with Susan Dziubinski]( she discussed the chief benefits of rebalancing, tax considerations, and how/whether higher yields should play a role in how investors proceed. If you’re seeking courage to tilt your portfolio into unloved parts of the market—especially value, small-cap, and non-U.S. equities—you’ll find corroboration in the [conversation that Dan Lefkovitz and I had with GMO’s Ben Inker](. He discussed where the firm is spying value today, how high-quality stocks can become mispriced, and what’s driving the ongoing strength in the “Magnificent Seven.” Finally, I wanted to highlight a couple of wise articles from two colleagues, Adam Fleck and Madeline Hume. Following on my article about [my own investment failings]( , and [Amy’s reflection on her own]( Adam trained his gaze on [where he flouts conventional wisdom in his own portfolio management](. Madeline, meanwhile, wrote about [her own money journey]( concluding with a statement that had me nodding vociferously in agreement. “There’s no secret trick, not really. Time, diversification, and compounding are the only friends you’ll ever make in investing.” The sooner we all learn that lesson, the better! With warm regards, Christine Benz [3 Charitable Investment Strategies That Deliver Higher Tax Benefits]( These maneuvers may even improve your portfolio. [Read More]( Share: [facebook]( [twitter]( [linkedin]( ADVERTISEMENT [media]( [media] [You Probably Need to Rebalance]( If it’s been a while since you looked at your portfolio weightings, it might be time to adjust. [Read More]( [Ben Inker: What Looks Cheap and Dear in Today’s Market]( GMO’s head of asset allocation reflects on the quality anomaly, why value stocks are the cheapest they’ve been in years, and whether it really is different this time for Japanese equities. [Listen Now]( [5 Investing Mistakes Anyone Can Make]( On my failings as an investor. [Read More]( [Why I Invest]( A personal reflection. [Read More]( [A Year-End Portfolio Review for 2023]( Check up on your portfolio’s health—and that of your whole plan—as the year winds down. [Read More]( [5 Investing Rules I Break in My Portfolio]( Don’t let perfect investing be the enemy of good. [Read More]( [Roth Conversions Especially Attractive Before 2026]( The tax- and retirement-planning expert on why a series of phased conversions could make sense if higher tax rates are in the offing. [Watch Now]( Listen Now Get the latest investing insights and market updates with [Morningstar’s podcasts]( available on your iPhone, iPad, Android, PC, or smart speaker. Stay connected: [twitter]( [facebook]( [linkedin]( [instagram]( [YouTube]( [Apple News]( [View online]( | [See all newsletters]( | [Share your feedback]( [Unsubscribe]( from this newsletter. Or update your [email preferences](. © 2023 Morningstar, Inc. All Rights Reserved. 22 W. Washington St. Chicago, IL 60602