If the Federal Reserve raises interest rates for the first time since June 2006, then investors said they would make significant changes to their portfolios, according to a survey from Wells Fargo and Gallup.
Forty-four percent of investors are prepared to make "major adjustments" to their portfolio if interest rates rise, the survey found.
What kind of adjustments? Thirty percent of the investors surveyed said they plan to buy more stocks, while only 8 percent said they would reduce their stock holdings. Nearly a quarter (23 percent) of those surveyed said they would buy bonds, whereas 10 percent they would sell fixed income investments. Wells Fargo and Gallup polled 1,006 investors from Aug. 7 to Aug. 16 for the survey.