That would be Smart Money. Today's column is a staple of the mass media investing magazine: "10 Money Moves To Make Now." After a nod to the unknown of the future, ten transactions are recommended as if there could be no uncertainty. Sell TIPS, T-bonds, and small cap stocks and buy blue chips and gold? Sounds like a speculative trade to me. Fund your 402(k) and 529 plan and refinance at lower rates? Boilerplate. Secure credit and cut costs? Always sound advice.
Now is the time to review return objectives and risk tolerances, and verify that the portfolio is within tolerances. Times of uncertainty are not times to be making speculative bets on commodities and under weighting what markets still consider a safe haven. Clients deserve better: clear-eyed confidence and courageous discipline.
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