This past year has really brought home the need for a diversified portfolio. After the market crashed last spring, it was brought back by tech and growth stocks whose valuations soared. Now, as we begin to emerge from the pandemic, value stocks are outperforming growth stocks.
What this tells you is that portfolio diversification is your friend, especially in these volatile markets. It also tells you that if you don’t have any good value stocks in your portfolio, you should consider adding some. One great option is Goldman Sachs (NYSE: GS), which is up 23% year to date. Here’s a look at why this might be the value stock for you.