But Hogan, who has spent almost four decades on Wall Street, and oversees $15 billion in assets, believes it's"Have a plan, stick to it, and have balance in the equity portion of your portfolio," he said. "Sticking to your plan is one of the best things you can do right now."
His best advice is to strictly rebalance the classic 60% stock and 40% fixed income portfolios on a quarterly basis. Hogan also advocates a barbell approach to investing right now."You've got those that seem to have worked so far that have free cash flow during the work from home environment," he said.
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TradingNation If you spent a dollar every second, it would take 31,689 years to spend a trillion dollars. The Federal Reserve only created 900 billion dollars between 1914 and 2007. It has created three times that much money, $2.8 trillion, just since January 1st in 2020.
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