How to Maintain Your GenWealth Stock Portfolio in 4 Easy Steps
3 minutes, 41 seconds read:
Oil change. Date night. Annual health checkup.
What does this seemingly random mix have in common?
They are all routine maintenance aspects of our daily lives.
From our cars to our relationships, active maintenance is needed to keep them in top-notch condition.
Maintenance means to upkeep, care for, support, keep in good condition and existence.
Your investments require the same kind of attention.
To profit from your GenWealth portfolio, you need to prepare, choose, and maintain the best stocks from our specific GenWealth mega trends.
The key to building a portfolio for future stock growth is to rid it of fading level 1.0 companies. Then, you’ll sow it with level 2.0 future-forward companies.
To do that, your portfolio has four major maintenance types.
Think of these as four easy steps you can take today to set yourself up for the potential fortunes to come in the innovation bull market.
Step #1: Preventative Maintenance
This is planned maintenance to prevent future problems.
For instance, you schedule oil changes every 10,000 miles to maintain a car. Without these oil changes, the engine will cease to run correctly and become inoperative.
Preventative maintenance for your GenWealth portfolio means creating a personal schedule to check on your stocks.
This schedule can be weekly, monthly, or quarterly.
During this scheduled maintenance, you want to ensure that your portfolio is free of level 1.0 stocks, which may be in steady decline.
You can replace those outdated stocks with the best level 2.0 stocks on the market.
I recommend the laser-focused ones in The GenWealth Report model portfolio to get you started.
Once you get started, preventative maintenance is easy.
Step #2: Corrective Maintenance
Sometimes, even with preventative maintenance, a piece of equipment can malfunction.
I’m a big gearhead, so let me stick to our car example.
Maybe your new car will experience a recall due to a manufacturing defect. You can get back on the road by taking the vehicle to a licensed mechanic for a fix.
For investing, corrective maintenance means fixing a problem — like getting rid of those level 1.0 stocks that can bring down your whole portfolio over the long term.
Last week, I gave you a place to start with seven stock warning signs. If you missed it, you can read it here.
Once you clear those out, you can buy the most profitable level 2.0 stocks.
For easy GenWealth portfolio growth, look no further than your Sweet Money Daily.
We deliver regular investing advice from Wall Street to Main Street and aim to help investors build a successful investment portfolio.
We put our best foot forward to give you stellar, innovative level 2.0 opportunities for free, so be sure to sign-up today for those free ideas.
Also, I will soon record a weekly webinar on the Lancaster Investing YouTube channel, sharing my perspectives on the level 2.0 world and your future-forward investments and mega trends.
If you haven’t done so already, please subscribe to our YouTube channel and click the notification bell to be alerted when new content is posted.
Step #3: Risk-Based Maintenance
Risk-based maintenance is an additional layer of in-depth analysis and testing.
It’s digging deeper to ensure all systems are working correctly.
Your mechanic will take this step by running a diagnostic test to detect any abnormalities before they become hazardous or expensive to fix.
This step can extend the useful life of your car or portfolio in the long term.
Investing involves in-depth analysis of a company’s earnings, revenue, projections, and management. S.T.A.R.®, a research protocol used in The GenWealth Report, is my signature strategy for picking the best stocks.
This can require time and effort, so I do our utmost to take care of your risk-based maintenance, so you won’t have to do that heavy lifting.
Step #4: Condition-Based Maintenance
Condition-based maintenance is the most labor-intensive of all maintenance.
This type of maintenance requires frequent, regular checkups. Whatever you’re maintaining must be continuously assessed, prodded, and investigated.
This maintenance might be necessary to keep the vehicle up to standards if you collect classic cars to showcase at events.
Along with risk-based maintenance, this maintenance requires the most attention, especially for a growing 2.0 portfolio.
It requires frequent, regular checkups and, most importantly, check-ins.
One key to having a successful level 2.0 portfolio is to carve out time to read and/or watch our articles and videos created just for you. This is your condition-based maintenance task.
Here at Lancaster Investing, our hearts’ desire is for you to be a successful investor.
To help you with this goal, we go beyond just daily communication. I’m active on X. As soon as I spot something that might help you, I post it.
So, for your condition-based maintenance, follow me on X: @InvestWithAmber.
I’ll post any timely investment information and opportunities that I come across.
Unlock Incredible Investment Potential with Your GenWealth Portfolio Today
As you can see, all aspects of our daily lives require some maintenance.
The same holds for our finances and specifically for a well-balanced investment portfolio set up to reap the benefits of your GenWealth Portfolio.
This concludes our three-part series on building your strongest level 2.0 portfolio. Thank you for taking this investment journey with me!
Until next time, keep investing!
Amber Lancaster
Editor, The GenWealth Report
Disclaimer: We will not track any recommendations in Sweet Money Daily. We are just sharing our opinions, not advice. If you want access to the stocks in our model portfolio with tracking, updates, and buy/sell guidance, please check out The GenWealth Report.
