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Millennials Are Seeking Prenups—and It Might Just Be Worth Considering

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We’ve Made Some Changes to Your Wealth Portfolio. Here’s What You Need to Know.

At SoFi Wealth, our mission is simple: We want to help you make the smartest investment decisions possible so that you can continue on the path to your goals.

That’s why we constantly monitor the market, the economy, and your personal Wealth portfolio. Each month we discuss the economy, update our forecasts based on what the market is doing, and every now and then tweak the allocations within our member portfolios. This is one of those times.

Below, we’re sharing the updates we’ve made to all five risk strategies: Conservative, Moderately Conservative, Moderate, Moderately Aggressive, and Aggressive. When it comes to your investments, we always want to be transparent and keep you in the loop about adjustments that we’re making to help your money grow.

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The Market Went Down—What Now?

The S&P 500 has fallen more than 10%. The Dow drops more than 1,000 points.

I’m sure you’ve seen the headlines about the market movements over the past few days and might be worried. That’s not surprising. If you own stocks, they may have lost some value, which doesn’t feel great.

But, let’s put this dip into perspective. In Wall Street terms, we’ve been in what’s called a “bull market” since 2009. A decline of 10% or more in a bull market—which we’ve seen in the past few days—is called a “correction.” Bull markets in the past have averaged about one correction a year. The last one we had was February of 2016, so we’ve been overdue.

But here’s something else you should know: While Wall Street traders might be panicking a bit, for the average investor, like you, there’s no cause for alarm. The economy still appears to be on solid footing if you look at things like unemployment and company earnings. And in many ways, this market dip was expected.

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