Divorce is a major life event that brings emotional upheaval and often a dramatic financial shift. One of the critical tasks you will face after your Illinois divorce is rebuilding your financial portfolio. But what exactly is a financial portfolio, and how do you restore it? Contact a divorce attorney to walk you through the basics and provide you with straightforward tips to help you regain financial stability.
What is a Financial Portfolio?
A financial portfolio is a collection of various financial assets that you own. These assets can include stocks, bonds, real estate, savings accounts, and other investments. Think of your financial portfolio as a pie chart that shows the different places where your money is invested. A diverse portfolio spreads your risk and can help grow your wealth over time.