Attached is an article written by David A. Levine for the New York Times in February. In the article he discusses how most investors should have most of their money invested in stocks. What makes this more compelling is that he is a self-confessed “bond guy” or someone who has believed in the value of bonds or fixed income securities. He has in fact founded and run the fixed income department for Sanford C. Bernstein & Company, now a unit of AllianceBernstein.
As we have previously discussed, for most people, the idea of investing most of their money is stocks is a scary proposition. It’s scary for most people because they know that they have retreated from this allocated stock position when the stocks have decreased in value.
This is why we consider ourselves “behavior advisers”. We work to help you stay disciplined and stay the course during stock market downturns.
We discuss how we expect and anticipate the temporary market declines and the actions that we will take with your portfolio to ensure that you remain in the correct asset allocation through various market cycles.
This discipline and at times patience is required so you can benefit from the large difference that stock investors have achieved over the last several decades as David discussed in his piece below. If you have been having trouble maintaining the correct stock exposure give us a call. Click on the title below to read David’s piece:
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