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If youve seen your ownportfoliotake a hit, you may be wondering the best course of action to take.
Market volatility is inevitable, and we dont recommend investors change their strategy in response to short-term market moves.
Hereswhat savvy investors are doing in the current economic climate.
Recent market volatility serves as a timely reminder of the importance of diversification, Michalka said.
This allows you to harvest the loss and maintain the overall risk and return characteristics of your portfolio.
Keepingsufficient funds in cashis always a savvy move.
A strong emergency fund offers peace of mind, which can be especially important when the market is volatile.
Michalka recommended keeping an emergency fund in a high-yield savings account.
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