Your asset allocation should be targeted and individualized to fit you as a person, and to help you achieve your specific goals. Without goals and individualization you end up with a muddled sludge of stocks that can be financially destructive.
There’s a lot going on in the world right now.
I thought this post was going to be about the $3.5 trillion budget deal or what to do with any child tax credits that may be heading your way.
But then global markets jolted on fears of new viral variants.
Is the sky actually falling?
Regularly, clients/friends email me if they should buy a stock… (ex: GME)
My first answer is always, (always always) no.
But of course, it can’t be that simple.
We have all heard that in life moderation is key, well it should be no surprise that the-same holds true for investing.
To take extreme positions of being all in all or all out will always lead to financial distress!
When you go “ALL IN” you fully expose yourself to the risks of that investment—whether it’s stocks, bonds, real estate, wine, crypto—100% of one thing, is the riskiest form of investing.
Did you hear GameStop went viral? Here’s a quick guide to the market frenzy you’re seeing in the headlines. Long email ahead. (Buckle up, it’s a little complicated.) What is GameStop and why does everyone care? GameStop is a brick-and-mortar […]
