As Greece continues to dominate the financial news, many investors are left to wonder how this may affect their investment portfolio. After the initial knee-jerk market reaction to the Greek debt crisis, the volatility of the markets has moderated from the first couple of days. As I write this, the outcome of the Greek debt crisis is far from over so continued volatility over the short-run is expected. However, the long-term perspective on Greece should not change the strategy of a diversified portfolio. As the Greek crisis unfolds, it should not have a major long-term global impact. Greece’s GDP makes up just 0.3% of the Global GDP – about the size as a mid-sized state. Much of the Greek debt is owed to countries and large institutional investors equipped to deal with a non-payment of debt – should it come to this. Most important, it is in the best interest of Greece and the Eurozone to come to an agreement or provide a soft landing for Greece should they default. In the short-run, this will continue to headline the news and influence the markets. In the long-run, the markets will get back to the fundamentals of a steady U.S. economy and recovering European economy.