Investment Strategies During and After Divorce

Divorce can significantly impact your financial situation, but it also presents a new opportunity for you to reassess your investments and develop new financial goals. Here are some ways you can manage and grow your investments during and after a divorce. 

1. Diversifying Investment Portfolios: Diversifying your portfolio is so important when it comes to managing risk. A great way to manage risk is to spread your investments across different assets. You can also invest in different industries and regions.
2. Understanding Risk Tolerance: Divorce changes your financial situation which usually affects your risk tolerance. You should evaluate how changes in your income can impact your ability to take on financial risk. 
3. Reassessing Financial Goals: You should identify any immediate financial requirements such as managing legal fees or covering living expenses. You should also reflect on any recent lifestyle changes. 
4. Practical Tips for Maintaining Financial Stability: There are some things outside of investing you should be doing to protect yourself such as making an emergency fund, budgeting based on your new financial situation, and updating your beneficiaries. 

Let me be your financial advocate as you navigate the divorce process. As a Certified Divorce Financial Analyst, CDFA® I can help you avoid costly mistakes and educate you on current and future budgets, provide a financial road map, and help you understand what assets you have, what you spend, where you spend it, and more.

You don't have to go through this alone.

Contact me today at 716-800-4290 to schedule your first appointment.