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The Market Is Your Toolbox—Use It Wisely
by Joe Morgan, Best Financial Life
Many people have turned investing into a game, but they should not treat it that way. From meme stocks to crypto, too many are too casual with their investments. This may be due to over a decade of rising markets or because obtaining money has been simple for them.
No matter the reason, there’s one fact you cannot avoid:
Your wealth is crucial for how you care for your family. This seems simple, but why do so many gamble their wealth away?
Tail Risks
by Keith Spencer, Spencer Financial Planning
No, not that kind of tail. But it is a nice picture, is it not?
You know what's not a nice picture? Facing the future and all its uncertainties without a plan or protections in place. The well-known phrase of hope for the best but be prepared for the worst, does in fact have some wisdom to it. And so, let's talk about tail risks, and how we can be prepared for them.
Is Your Investment Portfolio at Risk? 3 Ways You Might Take Too Much—or Too Little
by Eric Roberge, Beyond Your Hammock
When it comes to investing, many people look at risk and immediately think, “that’s bad!” They view risk as something to avoid or reduce. To a point, that’s correct; we never want to put an investment portfolio at risk unnecessarily.
But you cannot have a reward without taking on some risk. Life is inherently risky, and risk is not something we can eliminate.
Risk is what allows us to grow and add to our wealth over time.
Smart Strategies for Diversifying Away from Company Stock and Reducing Risk
by Christopher Stroup, Silicon Beach Financial
As a professional in the tech industry, you’ve likely been granted company stock or options as part of your compensation package. While this can be a rewarding benefit, holding a large portion of your wealth in a single asset, especially your employer’s stock, can expose you to significant financial risk. The value of your stock is tied to your employer’s performance, meaning any downturns in the company’s fortunes could leave you vulnerable.
Diversifying your investments is one of the most effective ways to protect your wealth and ensure long-term financial stability. But how do you do it, especially when your company stock represents a substantial portion of your portfolio?
In this post, we’ll walk you through the strategies for diversifying away from company stock, when to sell to minimize risk, and how to build a more balanced, risk-managed portfolio. We’ll also provide you with actionable advice you can implement right now.
Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.
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