Online Test Banks
Score higher
See Online Test Banks
eLearning
Learning anything is easy
Browse Online Courses
Mobile Apps
Learning on the go
Explore Mobile Apps
Dummies Store
Shop for books and more
Start Shopping

How to Ease Financial Uncertainty

Part of the Investing in an Uncertain Economy For Dummies Cheat Sheet

Life can throw you some financial curveballs, but you don't have to be at the mercy of financial markets even if you're not able to control them. To protect against financial uncertainties, use the following strategies:

  • Plan for life's certainties and prepare for life's uncertainties.

  • Invest in and protect your ability to earn money; it's likely your most valuable asset.

  • Adequately insure yourself, your stuff, and your income stream.

  • Minimize or eliminate debt, and focus on building a great credit score.

  • Maintain an emergency reserve fund.

  • Invest for your goals, time horizon, and risk tolerance.

  • Diversify your portfolio across a broad mix of asset classes.

  • Monitor and rebalance your portfolio to maintain your target asset allocation.

  • Add a Comment
  • Print
  • Share
blog comments powered by Disqus

SERIES
Investing in an Uncertain Economy For Dummies Cheat Sheet

Advertisement

Inside Dummies.com

Dummies.com Sweepstakes

Win $500. Easy.