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John Waggoner: How To Keep Clients From Going Wild When The Dow Hits 20,000
FYI: As the Dow Jones Industrial Average closes in on 20,000, analysts are talking about animal spirits — specifically, bullish ones — returning to Wall Street. Are your clients clamoring to charge into the market? What do you tell them? Regards, Ted http://www.investmentnews.com/article/20161214/FREE/161219968?template=printart
am not anyone's client except for several mutual fund firms but am more nervous than going wild ,Right or wrong I am redirecting mutual fund distributions toa short term bond fund therefore reducing risks without generating additional capital gains I have now learned that after a seven year bull market one should not have actively managed mutual funds in a taxable account. 10% distributions cut into returns even if the fund outperforms
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