Barber has created a portfolio for his clients who want to tiptoe back into the market without a significant amount of risk. The portfolio consists of mostly cash and bonds with select equities and commodities.
Quincy Crosby, chief investment strategist at The Hartford, also predicts the market will have swings for some time to come, but she holds a positive outlook for the long run.
“We think the clients who are already in and fully in should wait this out. If they can’t cope and they want to retire next year, perhaps wait until we start to see some of those mega bounces,” she said. “I believe we’re going to get through this, and the market is going to steady itself and right itself.”
Her favorite sectors are healthcare, technology and energy.
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