Don't wait For many people, it may seem that the state of the current economy makes it better to hold off on making investments. But it may be better to keep investing and looking toward the long-term future.
Diversify For the most part, you want to diversify your investments. This can help to protect you. You don't want every strategy in your portfolio to be moving in the same direction at the same time. You're truly diversified if portions of your portfolio are behaving differently from each other over similar periods of time.
Consider re-balancing Now may be an ideal time to look at re-balancing your portfolio. This is especially helpful if many of your investments were made a while ago and may not account for the current market trends.
Turn off the TV If you had believed all of the negative news in the media over the past few years about international banking issues you would probably be hiding cash in your house instead of investing - and you would have missed out on a lot of the recovery. There is no direct relationship between the economy and how the stock market moves.
Professionals can help Even though the economy may be shaky, keep investing and do so wisely. This can be easier if you work with a professional financial planner who can offer guidance and help you be more successful in this economy.
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