Modern Portfolio Theory

The art of financial planning might not seem too difficult to master. After all, if you want to retire with enough money to enjoy better golden years, seems like all you need to do is save a certain amount of money. However, there are many dangers in completing your own financial planning, not the least of which is the belief that financial planning is only about saving money.

The Millennial generation takes a lot of flak for its attitude and beliefs, both from other generations and among media outlets. Millennials have been labeled as entitled and lacking in drive. These characterizations are up for debate, with individual members of this generation disproving those views on a daily basis through their actions.

When you consider a future that you will not be a part of, the word "legacy" likely comes to mind. The legacy you leave behind is how many people will remember you, not just in the next generation but for generations to come. Your legacy can impact your family members, friends, co-workers, and even employees if you are a business owner.

How often do you take the time to review your finances and investment portfolios? Did you know that there are recommended timelines for this activity that can help you stay on track financially?

If you invest in the markets, the first two months of 2018 showcased the true rollercoaster nature of the Dow, Nasdaq, and S&P 500. After breaking record after record in 2017, the markets entered 2018 on a tear. However, February 2018 brought sharp drops as the markets officially entered correction territory.

Unless you are over 100 years old and were around to invest in small brands like General Electric (GE) or tech stocks before they became a massive hit, your investment portfolio probably does not consist of one major player that earns all of your income.