Do this once a year to ratchet up your financial security

Do this once a year to ratchet up your financial security  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  VIEW IN BROWSER | SUBSCRIBE WED, MAY 15, 2019 YOUR WEALTH Editor's Note Hello, my name is Jim and I am a personal finance nerd. I admit this because I want to explain the merits of individual investors stress-testing their portfolios. I know it's not something discussed at a dinner party, but I think it's a big deal. Stress tests are computer simulation techniques widely used by institutional investment managers, regulatory authorities and portfolio managers to test the resilience of portfolios against possible adverse market scenarios. With that said, investors also need to run a stress test to assess their own portfolio's ability to weather market gyrations. Here are some things investors should do: check your asset allocation; consider your sector exposure; check the liquidity of investments; and assess the costs for all your holdings. It may sound complicated and time-consuming, but it's really not. It just takes some commitment. It's your money, people, so why not put in the time and energy? By checking these components, your portfolio will be better prepared to weather the next financial storm. For more cool stuff like this, please follow me on Twitter @jimpavia and check out CNBC's Financial Advisor Hub and CNBC + Acorns Invest in You: Ready. Set. Grow. Jim Pavia @JIMPAVIA Do this once a year to ratchet up your financial security Banks perform regular tests to see how they'd perform under stressful conditions. Be like banks. These people in their 30s are doing a simple thing to get rich. Here's what they learned Learn some simple investing basics and take the first step so you can build some real wealth. Are financial advisors prepared for cyber attacks? As cyber threats abound, everyone from large financial firms to individual advisors needs to make sure they have done everything they can to guard against a breach. That often means putting the systems that are already in place to the test. Planning on growing wealth? Three steps to start investing You don't have to be a millionaire to get your start into building a nest egg. In fact, the tools you need might be available to you at work. Douglas Boneparth, certified financial planner and president of Bone Fide Wealth, discusses where to begin. Those credit scores you see may not be what lenders use Consumers are often surprised to discover that the number they've been monitoring isn't the one that their would-be lender uses as part of its loan decision. Energy-saving solutions let homeowners cut costs while helping the environment New tools let you better monitor your home's water and energy usage, even remotely. You may be surprised by how much you can potentially save. Deepak Chopra: How to stay calm and avoid impulsive actions in a volatile market Finding your zen amid the market turbulence may be easier said than done. Understanding this investing basic can help you grow your money faster If there's only one concept you need to know when saving for retirement, it's this: compound interest. With compounding, you make money on your money. You make interest on your interest. Socially responsible investing movement is hot and there are no signs of it cooling off Socially responsible investing has exploded across the globe and interest in it has never been higher. But there is a real chance the business and financial communities will let slip opportunities to fully capitalize on the demand. What consumers should buy now as the trade war heats up The U.S. decision to hike duties on Chinese goods will weigh heavily on consumers in the form of higher prices soon. Here's how to prepare. Trade war fears prolong the bull market "The stock market is more constructive for long-term investors when there is something to be worried about than it is at moments where all potential problems appear to have been vanquished ..." CONTRIBUTORS Sharon Epperson @sharon_epperson Josh Brown @ReformedBroker Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel   Digital Products Feedback Privacy Policy CNBC Events   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS