I’ve no idea, and that bugs me a bit.
I’m a professional financial planner and mainly deal with retirement income and investment strategies for wealthy clients.
Firstly the headlines will always scream for something catastrophic to send fear into the world.
A market correction, crash or downturn is normal sharemarket behaviour. I would not be surprised if we see one soon. But I don’t care it’s opportunity.
I would not be taking a guess on a market movement either way and shuffling a portfolio based on some geopolitical or perceived economic crisis or the long overdue market meltdown. After all Wall St is up over 10% this month when the crisis is in full swing.
With record highs thanks mainly to tech stocks (banks and mining here in Oz) it is bound to fall eventually but many were saying that a year ago.
Best to be boring, long term and diversified, rather than a stock picker in my opinion.
I structure portfolios so my retirees have 2-3 years of income need in a low risk income focused portfolio which covers regular payments. The rest diversified for growth.
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