It’s a wild market ride already in 2016. Are you protected?
If your portfolio isn’t well-pruned as we begin what could be another tumultuous year, put these tips into action now…
The markets are starting up 2016 after what was a mixed bag between the Dow Jones Industrial Average (INDEXDJX:DJI), which finished down just over 2% on the year, the S&P 500 (INDEXSP:INX) which was down just a fraction, and the NASDAQ Composite (INDEXNASDAQ:IXIC), which managed to gain just over 5% on the year.
If you already wrote down those year-end resolutions and put them into play before the markets opened, congratulations and well done.
For the rest of you, fear not: you still have plenty of time to shake out the cobwebs of the holiday break and get going.
To help you get started, we’ve given investors some suggestions, with Michael Shulman offering some surprising early 2016 winners, Dan Mayfield providing guidance on money trends, and Jamie Dlugosch on some stocks you may want to ditch, and soon.
Given what we either already know headed into the year, or what we can surmise, a good scrubbing of the portfolio is a good idea.
Here’s how to get that effort going…