The financial markets are very volatile. Everyday, they can easily lose or gain 2% – 3%, which doesn’t sound like much. However, when you are managing a 6 – 7 figure portfolio, 2% – 3% equals thousands of dollars! Whenever the stock market takes a dip, it forces you to re-evaluate your portfolio. Ask yourself:
- Do you have the right stocks?
- Do you have the right allocations, such as large cap, mid cap, and small cap, international, bonds?
- Are you invested in the right sectors of the economy, such as energy, financial, utilities?
For 5 steps to help get your financial house in order, click here.
The opinions expressed herein are solely those of the Author/WebMaster. Before taking any action, please consult your real estate, financial, and legal advisors.