We’ve seen this scary movie before. In 2000 and then again in 2008: The market starts to crater and retirees and those on retirement’s doorstep start to panic as they watch their nest egg decline in value and along with it their standard of living.
On the one hand, they want/need to stay investing in stocks. But on the other hand, they want to protect their principal. What to do? What asset allocation do advisers suggest? What sectors/stocks offer downside protection with upside potential? Here’s what advisers had to say.
Of course, it should go without saying but it also bears repeating that the key to any investment strategy, at any point of the investment life cycle, is in developing a specific plan and following it, period, says Christian Hyldahl, president and chief investment officer of Varium Investment Partners.