What Is Portfolio Diversification?

What Is Portfolio Diversification?

Diversification is the principle of spreading your savings across different asset classes so that your exposure to any one type of asset and its associated risks is limited. Think of diversification like a store that sells both sunglasses and umbrellas. On sunny days, they sell sunglasses. On stormy days, they sell umbrellas. “By selling both…

Tips to Jump-Start Your Financial Plan

Spring Into Action and Jump-start Your Financial Plan

While a financial plan looks great on paper, the real transformation occurs when you put your plan into motion. Spring into action and jump-start your financial plan today. We’ll show you how! 1. Set Reminders It can be easy to create your financial plan and essentially forget it. However, it’s vital to set calendar reminders…

4 Ideas for "Future-Proofing" Your Financial Portfolio

4 Ideas for “Future-Proofing” Your Financial Portfolio

Future-proofing your financial portfolio is about more than picking stocks and watching the markets. You need to consider diversifying with assets (both traditional and alternative), accounting for inflation, and making legacy plans, among other actions. You need to consider “future-proofing” your portfolio. What Is Future-Proofing? As defined by the Principles of Future-Proofing website principlesoffutureproofing.com, the…