Wednesday, October 28, 2009

"Enthusiasm definitely seems to have replaced fear with many investors. However after a significant rally over the last few months, we have seen a pretty negative move in the market over the past few days. The next few weeks could easily see a return to some of the volatility of last year. What does this mean to you? It makes sense to rebalance your portfolio after the significant drop of 2008, and rally of 2009. As year end approaches, it would make sense to meet with your advisor, and make sure that your asset allocation makes sense. This means that you may want to be a buyer on weakness if you have too much cash, or a seller of stocks if you have too much equity. The nearer you are to retirement, the more important this is. Last year really damaged many retirement plans, and it makes sense to protect against further damage. If you are looking for a second opinion, why not give me a call."

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