Many people hop in and out of investments all too frequently.
The widespread use of mutual fund supermarkets at discount brokerages makes a switch to a hot performer in a different family just a phone call away. However, impulsively jumping in and out of funds is not a sensible approach. Equally dangerous is the attitude that, once bought, mutual funds can practically be held for a lifetime. You really must rethink your portfolio periodically. Investments that once were suitable may no longer fit with your objectives or perhaps a top performer has become lazy.