FYI: An investment portfolio can be like a closet or a garage, collecting random stuff until it's cluttered and in need of some serious cleaning.
Cleaning up a portfolio, though, is about more than mere organizing; it can save money, smooth out investment returns and, later in life, make it simpler for family members should they need to help manage your finances.
On the agenda should be trimming back on brokerage accounts and consolidating old retirement plans. Niche investments can be pruned, as can investments inherited from relatives that have an emotional tie but make no financial sense.
Regards,
Ted
http://online.wsj.com/articles/clean-up-that-cluttered-portfolio-1410653052#printMode
