Do you know what’s in your portfolio? Is is risky? Is it conservative? Is it appropriate for your goals?
A few days ago ending May 18 the U.S. stock market had its worst week since November 2011. It was bad despite all the media attention about Facebook stock entering the markets.
I recommend people take a look at their portfolios, including their retirement accounts and their cash reserves, and make sure it’s all in alignment with goals and time horizons. It’s a good idea to think about tax impacts as well.
A market downturn is not very fun but sometimes creates opportunities for rebalancing and tax planning. Think about it.