I have access to Financial Engines through my company. I like to check in with them every 6 months or so. I feel like this year’s economy is really in upheaval, what with Greek debt, a weak job market and overhyped government bonds.
Unfortunately, I never blanket move out of a mutual fund for another one. There are frequently trading penalties for buying and selling fund shares within 1 or 2 months between purchase and sale. Therefore, I usually stop buying something for 60 days before moving money out of the entire fund.
At this time, I really don’t know what to do, but I didn’t like the recommendation of their moves this time. The fund moves recommended were a European and a Pacific stock funds, neither of which I found impressive, so I moved money back into some international funds I had purchased before and feel comfortable holding long term. I cut back on my government bond allocations instead.
We shall see if these were bad moves. I should probably ask Moom to review my portfolio like he did for Madame Z.
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I really like Morningstar.com’c Portfolio X-Ray feature. It costs $$ but you can get a free 2-week trial – long enough to examine a very detailed breakdown of your current holdings (% in each sector, style etc) and figure out how that would change if you rebalanced.