Money For the Rest of Us · Wednesday, August 12, 2026
David Stein advises against wholesale portfolio changes, likening it to a wardrobe that evolves. He suggests an incremental approach, making changes little by little as opportunities arise or risks increase, which is also generally easier from an emotional standpoint.
“And so, well, in some ways it's just like a wardrobe. Most of us don't go out and buy a new set of clothes entirely anew wardrobe every year. We might add a piece or two.”
“Our investment portfolios are the same way. We don't have to get rid of everything all at once. And and usually from an emotional standpoint, it's better to do it incrementally. It's easier to do it incrementally.”
“Make changes little by little as opportunities arise as risks increase.”