Why
do we diversify our investment portfolios?
Because of a day like today. The
big monthly jobs report says the economy might be weaker than we thought. That has led stocks to fall. But a weak economy is often good for bonds
and other holdings affected by interest rates.
So bonds, preferred stocks and REITs are all up. If you are diversified, you're ok today. If all your money is in Globalstar Inc., a
satellite service company, you're having a monumentally bad day.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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