By Bruce Buerkle, CFA, Vice President and Manager, Securities Research Support

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Have you reviewed how much you are saving annually and considered whether there are opportunities to increase your savings rate? Look for ways to automate your savings such as establishing a direct deposit into an investment account.

If you received an unexpected bonus or a salary increase, consider increasing your savings. As markets move around, it can cause your investments to get out of whack. Take a look at your investment mix and make sure it is still in balance. While selling outperforming investments feels wrong, you may need to par them back to keep everything in balance.

Please remember, neither asset allocation nor diversification can guarantee a profit or protect against loss of a declining market.