You should be saving for retirement, which means you are buying mutual funds, ETFs, stocks, bonds, or some other form of investments. You should look into your investments on a schedule. For example, once after the 90 day period that you are allowed to trade your no-load mutual funds without a fee and twice a year. Those dates should be memorable if you tend to forget to check up on your investments.
Just like checking your annualcreditreport.com on specified dates such as time changes and the 4th of July, you should set dates to re-balance your portfolio. If associating re-balancing with particular dates is not memorable enough, you should mark your yearly calendar with dates now. Almost everyone has a phone with a calendar capability and if you are planning to keep your phone for awhile, you should set your phone calendar with an alarm. Do it now.
Re-balancing is so important as you do not want too much cash, you also do not want investments that are failing and you would not buy today. If it's been awhile since your last close look, you probably bought new investments. You should know how everything fits together. You can use the Morningstar X-Ray to evaluate this.
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