What Is Rebalancing? When you diversify your portfolio, you will arrive at your target asset allocation, a defined set of proportions for each asset class. The main asset classes that typically make up allocations are stocks and bonds but you may include other...
What Is Diversification? Diversification is the practice of spreading money across different types of investments to reduce risk and maximize your investments. You’ve likely heard the phrase, “Don’t put all your eggs in one basket.” This illustrates the concept of...
Florida has a lower cost of living than many other parts of the country; because of this, Florida has seen a rise in people relocating to the state, from California in particular. Whether you’re relocating for work or moving for financial savings, it’s...
If you’re thinking about moving, you’re not the only one. Since COVID-19 has increased the number of jobs that can be done remotely, people don’t have to live in the same city as their employers anymore. Many people are considering relocating for financial reasons....
Toning Up Your Financial Plan This Year When exercising to “tone up” your muscle, you are creating a stronger, more firm muscle. We’re aiming for the same concept when talking about toning up your finances. Toning up a financial plan entails 1) breaking down...
