10 Ways to Improve Your Finances Before Year-End

By Ben Steverman - 2011-12-12T16:43:49Z

Photograph by Tim Boyle/Bloomberg via Getty Images

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Rebalance Portfolios

Your portfolio may start off properly diversified among asset classes, but as your investments change in value those allocations can get out of whack. Rebalancing -- buying and selling to return to original allocations -- is "a way of imposing discipline on your investment strategy," says Steven Medland, principal at TABR Capital Management. The end of the year may be a particularly good time to rebalance by buying more emerging market stocks, says Richard Jackson, principal with investment advisory Schlindwein Associates. The MSCI Emerging Markets index fell 19 percent in the first 11 months of 2011, while U.S. stocks were almost flat.

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