Experts Advise Staying the Course Despite Market Volatility, Rebalancing Portfolios as Needed
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Focus on long-term investment goals rather than short-term market fluctuations. Consider rebalancing your portfolio if needed.
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For those with target-date funds, the fund manager will handle rebalancing for you based on your estimated retirement date.
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This could be a good time to pare back stocks and move some assets to low-risk fixed-income options like CDs and Treasury securities.
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With inflation concerns, the Fed may delay rate cuts, so yields on bonds and bank CDs should stay relatively high compared to past years.
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Do not make rash investment moves. But it doesn't hurt to review your retirement accounts and fine-tune your investment mix if needed.