Five defensive financial moves to make as we head into a pandemic autumn
We’ve had an accumulation of days lately where major stock indexes fall by hefty amounts, Rob Carrick writes. We haven’t strung enough of them together yet to suggest stocks are set to fall in a sustained way, but this possibility can’t be dismissed with so much uncertainty ahead for the economy. A simple rebalancing may be all you need. Sell enough of your stocks or equity funds to get back to your target asset mix and put the money in bonds or guaranteed investment certificates, or cash if you prefer. If you’re a senior who plans to make your annual mandatory withdrawal from a registered retirement income fund, make sure you have the cash on hand to do so now. Don’t risk having to sell falling stocks or equity funds to raise cash.
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