Many people are talking about the income gap between the have and the have-nots. Having real data provides meaning to the observations sited as fact by many pundits. Catey Hill...
An extended period of stability may encourage you to think your portfolio is bullet-proof, but cyclicality shows that when things feel most stable is often when they’re most vulnerable. This is the time to perform a portfolio stress test. These are the six steps
- Figure out how much stock exposure you have
- Remember how you behaved in 2008-2009
- Figure out what kind of stock exposure you have
- Check your credit risk
- Check your interest-rate risk
- Stress test your adviser too
Gary Kapanowski – Lean Six Sigma Master Black Belt – Excelsior
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