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Home Special Sections Wealth Management

INVESTMENT DIVERSIFICATION: WHY THE BASKETS YOUR EGGS ARE IN MATTER

December 5, 2017
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by Parshalla Wood, Financial Advisor, Wedbush Securities, Inc.
Thinking about retirement can be both an exciting and overwhelming topic. Your retirement vision may be filled with many personal goals such as taking cruises, traveling to faraway lands, making that dream purchase and community involvement. But it may likewise be filled with many questions every time you see financial market news.
“Have I put away enough to make these things happen?”
“Are my investments positioned to take advantage of today’s market growth?”
“And, are my investments protected against tomorrow’s market downturns, so I can still reach my retirement vision?”
The investment strategy you select today can help determine whether you accomplish your goals during retirement! One of the most important steps you can take is considering whether your investments are properly diversified – or in simple terms, how they are spread around different investment vehicles. Here are three questions to ask when thinking about how your investment strategy is positioned:

  1. How will your investment strategy perform during market ups and downs? Every investment performs differently depending on the market environment. Often when one investment gains value (such as a stock), another investment may not (such as a bond). By diversifying among these different assets, you can potentially protect against volatility when the market shifts.
  2. Are you overly exposed to one particular sector or asset class? Every sector and type of investment is shaped by a plethora of factors. Just because one sector is experiencing growth today does not guarantee that it will continue growing tomorrow. Since all investing involves risk, it is important to understand these risks and work to ensure that your portfolio is not over-exposed to any one area.
  3. Does your strategy benefit from differing investment styles? Many financial products are designed by investment professionals to accomplish certain objectives or protect against certain risks. By diversifying among different products, you can take advantage of a wider range of expertise.

If you are unsure of the answer to some, or all of these questions, you are not alone! Diversification does not protect against a loss or guarantee a profit, however many investors seek the help of an investment advisor who possesses a deep understanding of the different investment opportunities and products available. By working with an advisor, you can take one of the most important steps toward gaining peace of mind that your future retirement goals can become a reality regardless of how the market performs.
Parshalla Wood is a Financial Advisor based in Prescott with over 48 years working in the financial services industry. As a proud 2017 Prescott LIVING Magazine’s Woman in Business, Par is dedicated to building a deep understanding of her clients’ needs and goals, and applying her industry expertise to help provide the best investment management and financial planning services possible.
Find Par online at WedbushPrescott.com, or by calling 928-777-0500.
Securities offered through Wedbush Securities, Inc. Member NYSE/FINRA/SIPC.

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LOCAL NEWS: The Northern Arizona VA in Prescott has provided an update on their Homeless Veteran Program. . . .PRESCOTT, Ariz. – The Northern Arizona VA Health Care System’s Homeless Veteran Program, along with its community partners, housed 445 Veterans in 2022, exceeding their target goal by 157%.Nationally, the 2022 goal was to house 38,000 homeless Veterans— a goal that was exceeded by 6.3%. The Department of Veterans Affairs remains committed to ending Veteran homelessness and increasing housing placements is critical to achieving this goal.“This success is a result of efforts built on the evidence-based ‘Housing First’ approach, which prioritizes getting a Veteran into housing, then provides the Veteran with the support they need to stay housed,” said Steve Sample, Medical Center Director.In Northern Arizona, there are a variety of services designed to house homeless Veterans. The VA’s Health Care for Homeless Veterans (HCHV) Program includes VA Supportive Housing (HUD-VASH) vouchers that provide formerly homeless Veterans with subsidized housing and a wraparound, interdisciplinary case management team to address issues that may have contributed to homelessness. The program provides justice outreach services, employment services, health care services through the Homeless Patient Aligned Care Team, outreach, and transitional housing support. The VA also works closely with community partners to house homeless Veterans through a system called Coordinated Entry, where community agencies along with the VA regularly meet to coordinate efforts and ensure homeless Veterans do not fall through the cracks.“We are fortunate that there is so much support for helping homeless Veterans in our area,” said Jessica Taylor, Homeless Program Coordinator for the Northern Arizona VA. “This success could not have been possible without great collaboration between our community partners, Housing Authorities, Tribal partnerships, and support from our local communities.”Looking ahead, the VA will continue to explore new avenues to house homeless Veterans and overcome housing barriers. In collaboration with U.S VETS, Gorman & Company, and the Arizona Department of Housing, a supportive housing project on the grounds of the VA’s Fort Whipple campus is in the initial planning stages. The VA is also expanding outreach to ensure that homeless Veterans are aware of services available to them. For Veterans who are homeless or at imminent risk of homelessness— or if you know of homeless Veterans in need of assistance, call 877-424-3838.For more information on renting to or hiring homeless Veterans, visit: www.va.gov/homelessAbout the Northern Arizona VA: Through its main campus in Prescott, along with Community Based Outpatient Clinics (CBOCs) in Cottonwood, Flagstaff, Kingman, Lake Havasu City, and Anthem— with additional clinics in Tuba City, Page, Kayenta, Chinle, Holbrook, and Polacca, the Northern Arizona VA provides services to approximately 33,000 Veterans over a catchment area of more than 65,000 square miles.. . .www.facebook.com/VAPrescott ... See MoreSee Less

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Empty Bowls of Prescott Arizona has announced that it will distribute $24,000 to local foodbanks! Their 2022 Empty Bowls fundraising event took place in September, and donations can be made year round on their website.prescott-empty-bowls.square.site ... See MoreSee Less

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