Making Money Minute with Ron Hiebert

Think Like A Sailor

When markets get volatile, investors scramble after the fact to get more conservative. Unfortunately, by then, prices are down and the investor gets a financial haircut. When taking a boat on an extended sail, we don’t just plan for nice weather. Before leaving port, we assess the worst weather we would encounter, and then strengthen or make appropriate changes to the vessel, so it could withstand them. The lesson here, is that investors need to make sure their portfolios are durable enough to weather tough markets, before, and not after they start experiencing them.

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