“Rule No. 1: Don’t lose money. Rule No. 2: Don’t forget role No. 1.”
—Warren Buffet
Last week, we examined seven reasons why it could be time to preserve your gains and get your money OUT of the stock market in our article, “Is Now the Time to Go to Cash?” In summary, we examined:
- Rising volatility in the markets
- A stalled stock market teetering on the edge
- Climbing interest rates
- Rising debt—both national and personal
- Bonds losing value
- A slowing real estate market
- And the “smart money” pulling out of stocks and heading for safer havens.
It’s not rocket science to realize that the stock market can’t continue to hit endless new highs. But where can you put your dollars when volatility and corrections rule the day? The economic winds have changed, and it could be time to position your portfolio for a bear market. Here’s are some steps you can take:
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