Should investors pay attention to the experts?

Which is more useful, stock market predictions or a financial plan?

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Douglas Goldstein,

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Illustration
Reuters

Jill Schlesinger, CFP and business analyst at CBS news, joins Doug Goldstein, CFP and cross-border financial advisor, to explore what investors can do to protect themselves from a market crash.

Should investors pay more attention to the analysts predictions of what might happen or their own financial goals and dreams?

They discuss practical, easy-to-implement ideas like sticking to your game plan (financial plan), automatic rebalancing, and sticking to an appropriate risk level.

The S&P 500 is an index of 500 broadly traded stocks. If your portfolio includes it, will you be properly diversified? Doug explains why even though historically the S&P 500 has had positive returns, past performance can't predict future results. A properly diversified portfolio includes different asset types, not just different stocks. Listen for tips on how to make sure your portfolio is well-diversified.

Sometimes the best way to diversify is getting outside help. Learn how a separate money manager (SMA) can help you create and maintain proper diversification in your own portfolio.



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