Preparing For The Bear Market We Know Is Coming

I was at a retreat recently with fellow planners, and one of the topics was, “Lessons Learned from the ’08 Meltdown: How Are You Preparing Your Portfolios and Clients?”

We know a bear is coming; we just don’t know when or how hungry it will be. I don’t worry about individuals like my son, who are young, well-educated and financially sound. I worry about retirees, especially those who have just retired. The consensus among attendees was that the portfolio construction was the easy part; managing client emotions would be more difficult.

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