2024 WalletHub Economic Index
An ASU finance expert discusses the banking crisis and economic uncertainty.
In this article published May 29, 2024, on WalletHub:
I am a big believer that there are always economic uncertainties. The best strategy is to take care of basic financial preparations. Have an adequate emergency fund. Stick to a budget and make sure that your cash flow can cover any new debts or spending you take on before making the decision to buy. Manage the risk in your portfolio by reviewing your asset allocation and rebalancing if necessary — this could be key because as the stock market is near record levels, many people may be overallocated in stocks relative to their targets. Be properly insured. Managing financial risk should be an ongoing process, and for those who do that, the short-term movements of the economy are not as daunting.
– Ives Machiz, clinical assistant professor of finance
Latest news
- How the LA wildfires may impact the supply chain
An ASU supply chain management expert discusses how evacuations and power outages in Los Angeles…
- New ASU graduate business degree options meet emerging market needs
W. P.
- Here’s what business schools will be teaching in 2025
ASU professor discusses how fintech curriculum will prepare tomorrow's leaders for digitization…