---
aliases: ["Review portfolio allocation Q3"]
Is A: Task
Belongs to: "[[25q3]]"
Status: Done
Owner: "[[person-luca-rossi]]"
---
# Review portfolio allocation Q3

Quarterly personal finance review to ensure investment portfolio allocation remains aligned with the target strategy. With the newsletter business generating consistent and growing income, the investment strategy has shifted from conservative capital preservation toward a more balanced growth approach. This review checks actual allocation against targets and identifies any rebalancing needed.

The portfolio covers both long-term retirement savings and a medium-term "business runway" fund that provides 6 months of living expenses as a safety net for the indie business. [[person-luca-rossi]] manages the portfolio directly using a passive index fund strategy.

## Acceptance criteria

- [x] Pull current portfolio allocation across all accounts
- [x] Compare actual allocation against target allocation (70% equities, 20% bonds, 10% cash/runway)
- [x] Identify any positions that have drifted more than 5% from target
- [x] Execute rebalancing trades if needed
- [x] Update the financial tracking spreadsheet with Q3 figures

## Notes

- The portfolio had drifted slightly equity-heavy (74% vs. 70% target) due to strong market performance in H1 2025. Rebalanced by redirecting September investment contributions to bonds rather than selling equities to avoid tax implications.
- The business runway fund is fully funded at 6 months of expenses. Considering increasing it to 9 months given the growing team obligations to [[person-sara-ricci]] and [[person-paco-furiani]].
- This quarterly review takes about 1 hour. Low effort, high peace of mind. Documented in [[procedure-quarterly-finance-review]].
