The year end is typically a time to reflect, take stock of the year past, and plan for the year ahead. Many investors have enjoyed a rewarding year – the S&P 500 is up more than 27% so far – and it’s natural to feel optimistic going into the new decade.
That said, there’s no telling how the markets will perform in 2020 and beyond. To ensure your portfolio stays strong and resilient in the decade ahead, here are four key questions every investor should ask themselves now.
Am I holding too much cash?Keeping cash savings beyond your emergency fund means missing out on significant long-term returns. Syfe’s Retirement Readiness Index found that 43% of all assets are still kept in savings accounts. More worrying is that 12% of respondents keep all of their cash in savings accounts.
Consider this: $20,000 kept in a basic savings account that offers
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