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Managed Accounts

Step #2 -- Update Your Portfolio
 

• Each Monday you will receive a new issue of the NorthStar StockCompass via email reporting any changes to the portfolio membership (sample).
  
   
• Update your portfolio holdings to match the updated recommendations. For  example, sell stocks that no longer appear on the new recommended list;  buy stocks that are new entries in the recommended list, and adjust the  weights of stocks carried over from the preceding week's recommendations as necessary. This takes a total of only ~5-10 minutes and can be done  anytime you like, even nights and weekends.
  
   
• Many brokerages include an efficient portfolio management tool (e.g., Folio Investing's tools to manage folios) where the desired stocks and target weights can be updated with a few  mouse clicks. Alternately, a simple spreadsheet can be used. Again, the portfolio capital allocated to each stock equals the target weight  percentage multiplied by the total amount in your portfolio.
   

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