GameStop made headlines as users on the social media platform Reddit invested heavily in the shorted stock. If you're considering making changes to your portfolio as a result, here's a reminder on diversification.
Happy Groundhog's Day!
Now that Punxsutawney Phil has seen his shadow predicting 6 more weeks of winter, what are you going to change? Probably not much, if anything at all. For the most part, this little bit of ‘news’ does not directly impact you, just like a lot of the ‘news’ regarding the markets and our financial planning. We have to filter through it to determine what directly impacts us and then decide if we need to take action. When you have a solid plan, it makes it easier to make these determinations; we are always here to help you create a plan, filter the information, and illustrate potential impacts of your decisions.
(P.S. If you talk with Ethan in the office this month, please wish him a Happy Birthday!)