Review your bond positions – make sure they meet your income and diversification goals Bonds provide: – Diversification – Income – Stability over time U.S. Treasuries provide: – Liquidity – Guaranteed income – Guaranteed return of principal at maturity – A non-correlated asset
Action Point
CONSIDER ADDING SOME INTERNATIONAL REAL ESTATE TO YOUR PORTFOLIO
CONSIDER ADDING SOME INTERNATIONAL REAL ESTATE TO YOUR PORTFOLIO – Offers value, appreciation, and diversification opportunities – Best In Class Global Real Estate Funds – Value-oriented: Third Avenue Real Estate Value Fund (TVRVX) – Growth- oriented: Baron Real Estate Fund (BREFX)
TWO RECOMMENDATIONS FOR END OF SUMMER READING
David Darst recommends: [amazon-product alink=”0000FF” bordercolor=”000000″ height=”240″ tracking_id=”wealt-20″]1607965704[/amazon-product] Peter Langerman recommends: [amazon-product alink=”0000FF” bordercolor=”000000″ height=”240″ tracking_id=”wealt-20″]0773538631[/amazon-product]
CALCULATE HOW MUCH MONEY YOU NEED TO RETIRE COMFORTABLY
CALCULATE HOW MUCH MONEY YOU NEED TO RETIRE COMFORTABLY Review assumptions using new approaches Maximize your social security benefits Consider impact of insurance products: immediate annuities longevity insurance long term care insurance RETIREMENT CALCULATORS T. Rowe Price Fidelity
LOOK FOR THE POSITIVE TRENDS
• Great Investors search for what is working now and will work in the future • Classic example: Winters’ focus on companies catering to the aspirational consumers in emerging markets
STAY THE COURSE AND IF YOU MUST MAKE PORTFOLIO CHANGES TAKE INCREMENTAL STEPS…
Stay the course and if you must make portfolio changes take incremental steps… the markets might be choppy, others might be panicking, fleeing bonds for instance or piling into stocks, whatever they are doing en masse, don’t follow. Pros like Dan Fuss and Rich Bernstein have learned over time that going against the herd and […]