The Art of Rebalancing Professional

Striving for balance is a principle that applies to investing just as it does to other areas of life. When one area gets out of proportion, it can disrupt your financial goals. There are, however, practical strategies to keep your portfolio in balance and your long-term goals on track. In this article, we discuss the basic tenets of not just why you should consider rebalancing your portfolio, but when and how to do so.

Why rebalance your portfolio?

The chief purpose of rebalancing is to ensure your portfolio remains allocated according to your long-term financial goals. Over the last two years, the stock market has experienced periods of volatility. Inflation, supply chain problems, global conflicts and other factors continue to affect stock values. More downside volatility is expected in contrast to the pre-pandemic stock market boom. Under these uncertain conditions, it’s especially important to review your portfolio and rebalance your assets as appropriate.

Here are some tips to help you achieve a balanced portfolio: Assess the big picture. Ideally your portfolio is some combination of the four asset classes (stocks, bonds, cash, and in some cases alternatives). Too much of your portfolio in stocks may expose you to too much risk. Treasury bonds and other reliable municipal and corporate bonds can help insulate your portfolio during times of volatility. Alternatives are nontraditional investments that include everything from precious metals, real estate, cryptocurrencies, and carbon credits. Many alternative investments are considered highly speculative and come with greater risk, so they typically will make up a small portion of your portfolio. It’s smart to have a certain amount of cash on hand for emergencies. However, there’s no reason to keep excess amounts of cash in low-interest-bearing accounts if you can get better results in higher yielding investments. Your financial advisor can help you determine the ideal distribution of assets across these groups.

Diversify to insulate your portfolio. Diversification is a strategy of owning a variety of investments within asset classes. The goal is to spread your risk across stocks or bonds in different sectors, industries, and even geographical regions.

Buy and sell strategically. Your financial advisor can help you evaluate stock returns and weed out losers. You may also be advised to reduce your position in a high-performing investment if your portfolio is overweighted. Selling higher-performing investments that are not in tax-deferred accounts such as your IRA may result in capital gains taxes. If you sell an asset at a loss, you may be able to use the loss to offset your capital gains to reduce your tax obligation. This is called tax-loss harvesting.

Revisit your portfolio periodically. Let your financial advisor know about life events that may alter your risk profile. Marriage, divorce, job advancement, and retirement—these and other life changes can affect your investment goals. At a minimum, schedule an annual review with your financial advisor to discuss rebalancing needs.

Consider professional advice. Resist the temptation to manage your portfolio on your own, without the advice of financial professionals. A trusted financial advisor with fiduciary responsibility can help you select suitable investments to meet your investing goals. They can access tools and apply market insights to help you improve your position. Consult your tax professional regarding the tax consequences of your investment activity.

Lisa Cargill, ChFC®, CLU®,CRPC®, CDFA™ is a Financial Advisor with Ameriprise Financial Services, Inc. She specializes in fee-based financial planning and asset management strategies. Ameriprise Financial and its representatives do not provide tax or legal advice. Consult your tax advisor or attorney regarding specific tax issues. Brokerage, investment and financial advisory services are made available through Ameriprise Financial Services, Inc. Member FINRA and SIPC. Some products and services may not be available in all jurisdictions or to all clients. © 2022 Ameriprise Financial, Inc. All rights reserved.

No matter your motivations, it’s never too late or too early to start focusing on your heart health, and taking steps now can make a big difference. Small changes, like following a healthier eating plan, can help you start down a path toward improved heart health.

One step you can take is following the DASH eating plan, which is a flexible and balanced way of eating that stands for Dietary Approaches to Stop Hypertension and was developed by the National Heart, Lung, and Blood Institute. Requiring no special foods, DASH provides daily and weekly nutritional goals to help lower two major risk factors for heart disease: high blood pressure and high LDL (bad) cholesterol.

Being more physically active, managing stress, getting quality sleep and not smoking combined with DASH can put you on a path toward a healthy heart for life.

Encouraging others to join you on your heart-health journey can also be rewarding. Research shows social support and personal networks make it more likely you’ll stick to healthy habits like eating healthy.

Sharing heart-healthy recipes with family and friends is an added bonus, and these DASH-friendly meals can help you take the guesswork out of putting nutritious dinners on the table. Greek-Style Flank Steaks with Tangy Yogurt Sauce offer the bold flavors of the Mediterranean while Teriyaki-Glazed Salmon with Stir-Fried Vegetables is as easy to make as it is colorful. For a complementary combination of pork and sweet fruit flavor, these Baked Pork Chops with Apple Cranberry Sauce are perfect to serve alongside steamed broccoli.

Recipe courtesy of the National Heart, Lung, and Blood Institute

Prep time: 25 minutes

Cook time: 25 minutes

Servings: 4

Marinade:

1/4 cup lemon juice

1 tablespoon olive oil

2 teaspoons fresh oregano, rinsed, dried and chopped

1 tablespoon garlic, minced (2-3 cloves)

1 beef flank steak (12 ounces)

Yogurt Sauce:

1 cup cucumber, peeled, seeded and chopped

1 cup nonfat plain yogurt

2 tablespoons lemon juice

1 tablespoon fresh dill, rinsed, dried and chopped

1 tablespoon garlic, minced (2-3 cloves)

1/2 teaspoon salt

To make marinade: In large bowl, combine lemon juice, olive oil, oregano and garlic. Lay steak in flat container with sides and pour marinade over steak. Marinate at least 20 minutes, or up to 24 hours, turning several times.

To make yogurt sauce: Combine cucumber, yogurt, lemon juice, dill, garlic and salt. Set yogurt sauce aside at least 15 minutes to blend flavors. Sauce can be prepared up to 1 hour in advance and refrigerated.

Preheat broiler to high with rack 3 inches from heat source.

Broil steak about 10 minutes on each side to minimum internal temperature of 145 F. Let cool 5 minutes before carving.

Slice thinly across grain into 12 slices. Serve three slices with 1/2 cup yogurt sauce.Tip: Serve with lettuce, tomato, and kalamata olives.

To prepare vegetables:Thaw frozen vegetables in microwave or place bag in bowl of hot water about 10 minutes. In large wok or saute pan, heat oil.Add garlic, ginger and scallions; cook gently, but do not brown, 30-60 seconds. Add vegetables and continue stir-frying 2–3 minutes, or until heated through. Add soy sauce. Serve one piece of salmon with 1 cup vegetables.

Teriyaki-Glazed Salmon with Stir-Fried Vegetables

Recipe courtesy of the National Heart, Lung, and Blood Institute

Prep time: 20 minutes

Cook time: 15 minutes

Servings: 4

Salmon:

2 tablespoons light teriyaki sauce

1/4 cup mirin or sweet rice wine

2 tablespoons rice vinegar

2 tablespoons scallions, rinsed and minced

1 1/2 tablespoons ginger, minced

12 ounces salmon fillets, cut into four portions (3 ounces each)

Vegetables:

1bag (12 ounces) frozen vegetables stir-fry

1/2 tablespoon peanut oil or vegetable oil

1/2 tablespoon garlic, minced (about 1 clove)

1 tablespoon ginger, minced

1 tablespoon scallions, rinsed and minced

1 tablespoon light soy sauce

Preheat oven to 350 F.

To prepare salmon: Mix teriyaki sauce, mirin, rice vinegar, scallions and ginger well. Pour over salmon and marinate 10-15 minutes.

Remove salmon from marinade. Place salmon on baking sheet. Bake 1015 minutes, or until fish flakes easily with fork in thickest part and reaches minimum internal temperature of 145 F.

Baked Pork Chops with Apple Cranberry Sauce

Recipe courtesy of the National Heart, Lung, and Blood Institute

Prep time: 10 minutes

Cook time: 30 minutes

Servings: 4

Pork Chops:

4 boneless pork chops (about 3 ounces each)

1/4 teaspoon ground black pepper

1 medium orange, rinsed and zested

1/2 tablespoon olive oil

Sauce:

1/4 cup low-sodium chicken broth

1 medium apple, peeled and grated (about 1 cup)

1/2 cinnamon stick

1 bay leaf

1/2 cup dried cranberries

1/2 cup 100% orange juice

Preheat oven to 350 F.

To prepare pork chops: Season pork chops with pepper and orange zest. In large saute pan, heat olive oil over medium heat. Add pork chops and cook until browned on one side, about 2 minutes.Turn and brown 2 minutes. Remove pork chops from pan, place on nonstick baking sheet and bake 10 minutes to minimum internal temperature of 160 F.

To make sauce: Add chicken broth to saute pan and stir to loosen brown bits from pork chops. Set aside.

In small saucepan over medium heat, cook grated apples, cinnamon stick and bay leaf until apples begin to soften. Add cranberries, orange juice and reserved broth. Bring to boil then lower heat to gentle simmer. Simmer 10 minutes, or until cranberries are plump and apples are tender. Remove cinnamon stick. Serve one pork chop with 1/4 cup sauce. ❂

by Standale Home Studio

23 Design Styles & Trends that are growing on us in 2023

The new year has started to unfold before us. Green and clean initiatives that started during the pandemic continue to flourish. With sustainability and wellness, a continued focus - here are 23 design style, spaces and trends that will be growing in popularity this year.

Design Styles

Japandi - A hybrid of Scandinavian design and the Japanese Zen aesthetic, Japandi has a focus on mindfulness and intentionality with a preference for sustainable elements. Incorporating muted organic tones of greens, clay browns, and soft whites with natural wood tones, this style is more colorful than Scandinavian design but more subtle.

Soft Modern - Taking the starkness of traditional modern design down a notch, soft modern design keeps color palettes neutral and features clean horizontal lines. High gloss elements combine with ultra-matte finishes add drama in otherwise neutral, low-contrast spaces.

Modern Farmhouse – There is a move to replace the kitschy signage and shabby-chic décor with a cleaner, more refined look that no actual farmhouse can achieve. Bright whites and warm wood tones dominate this style, now with a cleaner, curated aesthetic informed by modern design trends.

Mid-Century Modern – Clean lines, muted curves, and warm tones keep this look popular for more compact homes.

Art Deco – Benjamin Moore’s color palette of the year — including the 2023 Color of the Year: Raspberry Blush — highlight the optimism that this style brings. Soft arches and organic lines, pops of color with a touch of Hollywood gold, and nature-referenced themes drive this movement.

Dark Academia – Well suited for nooks, offices, and masculine bathrooms, this trend features deep organic, moody hues in navy blue, jade green, and walnut-tone browns. Reminiscent of libraries, and bourbon on the rocks, it creates a grounded and intimate feel, often with paired classic architectural details.

Maximalism – A response to the bare walls and tidy shelves of other modern design styles, maximalism toes a fine line between an eclectic collection and a hoarder home. It’s a bold and flamboyant celebration of personal taste and consumerism.

Trending Spaces

Working Pantry – With many kitchens having a focus on entertaining, pantries are becoming more essential as prep spaces. They are also containment areas for small appliances, kitchen clutter, and bulk buys.

Wet Room – Combine a shower and soaking tub behind the same glass door for this spa experience at home. Zero clearance entryways and ample interior space make this “living in place” modification an investment in the future.

Dining Room – To keep everything in its place, walls are coming back to add definition to spaces. Homeowners are seeking a space to eat and socialize that does not include visuals of dirty dishes, laptops, TV’s, or childhood clutter.

Mud Room – Still expanding in size, mud rooms now contain full bathrooms, laundry equipment, dog wash areas, and gardening or crafting zones.

Primary Suite – The term “master suite” has become outdated. While there is a change in the name, the essential function has stayed. Large scale closets with specialty organization, dressing areas, and spa-inspired bathrooms continue to make this space a retreat for the primary resident of the home.

Trendy Elements

New Neutral - As demonstrated by Behr’s Color of the Year “Blank Canvas,” toned whites, including taupe, canvas and pearl grey are adding diversity into “white on white” design schemes.

Biophilia – A post-pandemic drive for the outdoors has been bringing natural elements into the home since 2020. Bring natural elements into your home this year, with vertical wall gardens, or perhaps some locally made pottery.

Terrazzo – Terrazzo flooring, often found in high use public spaces, is traditionally made from marble chips blended in cement and polished. Designers are now using this look in residential design. In flooring tile or a countertop, it creates a directionfree background for other design elements to shine. Plaster - The hand-crafted look of plaster has a softer visual and tactile presence than industrial cement tones seen in the past. Wallpaper, full-wall treatments, tile, and home décor elements are seeing a resurgence in this casual finishing touch.

“Fabrique” – New patterns on floor and wall tiles replicate the textures of woven wool, linen, muslin, and even leather. A textile inspired pattern on a hard surface goes a long way to warm any space.

Caning – Natural rattan webbing or caning has a history of being used for furniture and décor. Its ability to be both structured and organic means it’s making a comeback in place of glass or expanded metal mesh for open cabinet doors or décor elements.

Reeded Panels - Reeded looks are dominating feature walls, accent tile, statement cabinetry and furniture. The vertical-lined look matches well with the art deco resurgence and is often finished with luxury gold touches.

Floating Cabinetry – Suspended off the ground, floating vanities, desks, or entertainment centers allow the flooring to continue below thus creating a larger look to small spaces. Undercabinet lighting can set the ideal mood for movie nights and establish safer bathroom spaces.

Statement Lighting – Go big or go home with bold, large-scale lighting above islands, entryways, and dining tables.

Technology Integration – Technology plays a part in almost every new element purchased for your home. New apps and tech solutions can consolidate smart features, helping them interface together. This makes them more practical and user-friendly.

Authentic – Homeowners are seeking out more artisan-made décor to personalize their home. Whether locally crafted or connected to personal experiences, these elements can be carefully curated to tell the story of the home and its residence.

At Standale Home Studio our skilled team of designers is committed to assisting your family to enhance your home in 2023 and beyond. Regardless of if you are looking for soft modern style or eclectic art deco vibe our team is happy to help.

Anneke Huisman

Standale Home Studio

NKBA Cabinetry Specialist

NKBA West MI Chapter Communications Officer

Premier Color Specialist

NEW CLIENTS ONLY: 20% off cut and color and complimentary conditioning treatment with blowout.