If you work in the private sector, there’s a good chance that part of your compensation is paid in company stock. This can take the form of options, stock purchase plans, restricted stock or other programs. Making the right choices with company stock is critical when it’s a sizable portion of your net worth. Not only do you need to think about managing your risk while participating in your company’s success, but also there are tax consequences to your actions.
Steps to take after the recent stock market correction
Evaluating Your Financial Health
Prioritize Your Investments To Support Your Situation
Find where you are on the Financial Life Cycle to determine the state of your financial health.
The best approach to the Dow is to not react when it soars and when it declines. Your portfolio is much more than the Dow, and for the most part that’s a good thing.
Even if the outcome of this election proves to be a crisis in your mind, don’t automatically conclude that it will be of similar import to your portfolio and long-term financial goals.
Asset Allocation for different economic cycles
Investments that may be due for a decline
Your portfolio? There’s an app for that. Financial companies have unleashed an onslaught of apps to help you track and manage your investments. The app revolution doesn’t end with merely observing your portfolio. Now you can actually trade on your…