Water Well Journal
Issue link: http://read.dmtmag.com/i/705618
even further, suggesting the professional investment world is trending closer to a rule of 125 minus your age to be allo- cated to stocks. Another variable to consider is how much cash you might need in the short term. For example, college tuition or a down payment on a vacation home would call for a higher allocation to readily available cash than would be suggested otherwise. Brainwork Needed Obviously, deciding on the best asset allocation for you requires some brain- work. If you're not inclined to tackle the job by yourself, help is available. A number of companies provide free online asset calculators. You'll find one at www.calcxml.com/do/inv01. Even after you've decided on the best allocation for you, you'll need to rebalance your portfolio on a regular basis. Rebalancing is the process of buying and selling portions of your port- folio in order to set the proportion of each asset class back to its original state. As an example, if the stock market has risen, it's likely you will need to sell some stocks in order to restore your original ratios. Asset allocation requires some effort, but virtually all financial planners agree it would be a big mistake to ignore it in your portfolio. Information in this article is provided for educational and reference purposes only. It is not intended to provide spe- cific advice or individual recommenda- tions. Consult an accountant or tax adviser for advice regarding your particular situation. WWJ Twitter @WaterWellJournl Get Business Tools in the NGWA Bookstore Head to the NGWA Online Bookstore at the website of the National Ground Water Association when you're looking for your next business tool to aid your business. You can find cost calculators, contracts, best suggested practices, and more. The calculators are for water well drilling, pump installation, and geothermal drilling. Visit the Online Bookstore at www.NGWA.org when it's time to get your next business tool. WWJ August 2016 51 R C N CTERIA! 096 2 . ORE, ALER! USH + WELL Jr. Blvd. • Lubbock, TX 79404 747.2096 • coteychemical.com N BA FOR CHOICE WEAPONS R W 806 7 U A MORE, 7 4410 MLK 806.7 Bill Lynott is a management consultant, author, and lecturer who writes on business and financial topics for a number of publications. His book, Money: How to Make the Most of What You've Got, is available through any bookstore. You can reach him at wlynott@cs.com or through his website: www.blynott.com.