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
- Nevada Latino vote can potentially help swing the 2024 election
ASU and the Latino Donor Collaborative found that US Latinos contributed over $3 trillion to the…
- 2024 ASU Business and Health Summit focuses on innovation in the health sector
Register today for the Nov. 14 event
- Cialdini's continuing influence: The next 40 years of persuasion
The 'Godfather of Influence' Robert Cialdini celebrates 40 years of his bestselling book …