Why I Caved And Altered My Retirement Portfolio
It’s hard to believe the U.S. is headed for a robust economic recovery.
These are uncertain times.
Photographer: Eva Blanco/iStockphotoThis article is for subscribers only.
I recently did what most financial advice forbids: I stuck my hand in my retirement portfolio and backed out of some stocks.
Earlier this month, I stared at my long-term portfolio, got spooked by the 81% that sat in equities and dialed that figure back to a more moderate 60%. I also tripled the fixed income portion of my portfolio to 27%.