Major life transitions can create a ripple of financial complexity. At Empyrion™, we specialize in helping clients conquer these challenges, while deploying strategies that successfully protect and grow their wealth.
We all know the classic concept of diversification: “Don’t put your eggs in one basket.” True diversification can help protect a portfolio against volatility—the stomach-churning ups and downs that can occur in the financial markets. When a portfolio is properly diversified, the investor should see that when one asset class is down, another may be little changed, or even up slightly. But sometimes, investors distribute their “eggs” among a number of different baskets, but don’t realize that the baskets are all very similar.
Given the importance of money in our daily lives, it shouldn’t be surprising that many of us have a complicated relationship with it. If you struggle with guilt or shame related to how you use your money, the first thing you need to know is that you aren’t alone. The most reliable antidote to unhealthy financial attitudes is having access to trusted friends or advisors who are willing to be vulnerable about their own problems with finances.
As President Trump’s tariffs on foreign imports continue to attract strong reactions and retaliation from China, the European Union, and other US trading partners, the stock markets have displayed some reactions of their own. Volatility—especially when it’s downward—makes us worry about the safety of our investments. But reacting emotionally to market swings will typically not increase the value of your portfolio over the long term, and we know this because of solid, data-based research.