The process of buying ETFs, then subsequently adding to them is only one part of investing.
I've come to realise that rebalancing is an important concept which I must learn.
For example, I set my portfolio target to be 50% stocks and 50% bonds. Or 60/40. Or even 80/20. You get the idea.
Of course, as you advance and become more experienced, your portfolio may look something like this. Maybe, 60% stock, 20% REITs, 10% Bonds, 5% Cash and 5% Precious Metals?
Your portfolio is customised according to your own preference and risk appetite. Maybe you're a teenager and can afford to ride out a few market ups and downs with the long term in mind. 70% stocks and 30% bonds may be perfect for you. But as you grow older, start a family and eventually prepare for retirement, your risk ...
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