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Tyrese Gibson has been taken into custody after he failed to pay the monthly $10,000 child support payments a judge ordered him to make to his ex Samantha Lee.

Gibson – who shares five-year-old daughter Soraya with Lee – was held in contempt of court Monday morning during a hearing over the matter.

Judge Kevin Farmer was upset over Gibson’s refusal to make the monthly $10,000 child support payments the actor was ordered to begin paying in April 2023. Farmer held Gibson in contempt of court Monday. And the ‘Fast & Furious’ actor was placed in handcuffs by the bailiff and taken out of the courtroom.

The judge offered Gibson the chance to resolve the issue and avoid jail time if he paid $73,000. That figure includes Samantha’s attorney fees, which total $7,500. Gibson had been making payments to Lee. However, it has not been the $10,000 figure the judge ordered him to begin making last year.

Tyrese Gibson has been paying his ex around $2,200 every month as of 2023. Insiders said Gibson is currently in the process of sorting out the $73K payment

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Nicki Minaj strikes again with her pidgin tweets, who knew rap royalty was also a language guru.

She tweeted in pidgin while reacting to a throw on Lil Wayne representing the face of rap in 2024. She even added that she can read all comments on her page in pidgin.

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Source: Harvard Health Publishing

If last week's technology sector-led selloff in the stock market made you nervous, experts suggest considering it as an opportunity to rebalance your portfolio.

The Nasdaq Composite index (IXIC), a technology-heavy index often used as a barometer for the stocks in the sector, fell 5.7% last week, its biggest weekly loss since January 2022. Nonetheless, the index had gained 11% since the start of the year as of the end of last week, thanks to big gains for mega-cap tech stocks such as AI investor favorite Nvidia (NVDA), Apple (AAPL), Meta Platforms (META) and Amazon (AMZN), as well as several chip stocks.

Given the influence wielded by big-name tech stocks on the major stock indexes, many investors have overweight positions in them. The large-cap tech names are nearly impossible to ignore in your portfolio, whether through ownership of individual stocks or through exposure to diversified investments such as mutual funds or exchange-traded funds (ETFs.)

Here's what experts are recommending to their clients.

While 'buying the dip' in tech stocks may be tempting, stepping back and taking a look at your portfolio in its entirety could give you a better picture of your tech sector exposure. Furthermore, the recent volatility may be a good time to make some changes.

“We’ve been in the camp of rebalancing based on volatility, not necessarily the calendar,” Kevin Gordon, Director, Senior Investment Strategist at Charles Schwab. “If there’s a sector that gets so stretched and your exposure gets well beyond what it should be and what the target is, don’t be afraid to trim some of those profits and add it to other parts of the market where you're not as exposed.”

Monica Dwyer, a senior vice president and wealth advisor at Harvest Financial Advisors, said while it may be psychologically difficult for some investors to sell assets that are performing well, doing so can pay off in the long run.

“Rebalancing is a natural way of buying low and selling high,” Dwyer said. “If you’re disciplined about it, you’re always going to be selling what is overweighted in your portfolio, which is the stuff that's done well, and buying the stuff that doesn’t do well… It’s human nature to hold something that has risen and never want to let it go.”

But if you’re moving away from tech, where do you put that money?

“So we're starting to rebalance our clients’ portfolios, taking that outperformance from growth [stocks] and reallocating back into value [stocks],” said Jared Gagne, a Private Wealth Manager at Claro Advisors.

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