The modern world we live in is constantly evolving, creating an ever-present environment of change. Seemingly overnight, political alliances shift and governments undergo policy changes, leaving a drastic and lasting impact on global economies. In the dynamic world of the 21st century, the decisions of a few corporations and policy makers can alter the social, political, and economic security we have taken for granted as a modern, free society. Ultimately, each individual must prepare themselves for change and have the groundwork laid to adapt to whatever changes may occur.
The prevalence of the constant change that exists in today’s world is most noticeable in the financial markets. Throughout each trading day, stock, currency, and bond prices rise and fall at will. Sometimes, the volatility of the modern markets cause swift and dramatic changes with severe consequences. In times such as these, a diversified portfolio is often the best solution to avoid potentially devastating market movements like an unexpected market crash.