Monitoring and Rebalancing Your Income Portfolio

If an industry is struggling or booming, this should also push you to rebalance your portfolio. For example during Covid-19, travel and hospitality industries struggled, which could be a reason to sell or buy stocks while prices were low. The healthcare industry saw a boom during this time period, which could push you to buy more stocks to take advantage of the growth. However, remember to always stay diversified, and no company or industry is 100% safe.

Source: Modern Money