When it comes to investing, the term ‘diversification’ is often tossed around, but what does it truly mean to diversify your portfolio? Is it as easy as sticking to the S&P 500 index the to achieve wealth management success? In this episode, we’ll answers these questions and dive into the latest returns by asset class to help you better understand what diversification truly means.
Tune in for a deep dive into the importance of rebalancing, the pitfalls of recency bias, and the historical performance of various asset classes to secure your financial future.
Here’s some of what we discuss in this episode:
- Does owning the S&P500 make you diversified? Not really.
- A look through last year’s returns by asset class along with historical returns.
- The need for constant evaluation and just consistent checkup on your portfolio.
Michael is a Financial Advisor and Certified Business Exit Planner at WestPac Wealth Partners. His daily mission is to help families and business owners make smart financial decisions so they can live on their own terms for the rest of their lives, regardless of what life events and opportunities come their way.
Call Michael at 702-767-4897 with any of your questions or email michael.schulte@westpacwealth.com.
