How To Brexit-Proof Your Portfolio
June 29, 2016 at 06:00 AM EDT
Britain’s out – should you care? It depends on what’s in your portfolio today. Here’s a five-point checklist to help you Brexit-proof your nest egg. There’s no shortage of noise floating around about the potential ramifications. Let’s separate the “first-level” headline worries from the second-level realities – and make sure your portfolio is set to thrive regardless of the nonsense coming out of Europe. Reality #1: Interest Rates Here Aren’t Going Anywhere Regular readers know I’ve been skeptical of the Fed’s “tough talk” about raising rates ever since it started. Perfectly good high paying issues have been pummeled by their empty threats of sustained hikes, providing contrary-minded income investors like us with excellent buying opportunities. The “smart money” now agrees that rates aren’t moving. Traders... Read more