I was reading a story by Condoleeza Rice in the Washington Post titled Will America heed the wake-up call of the Ukraine? In the piece Ms. Rice counsels U.S. politicians to adopt a policy of “strategic patience.” This is also excellent advice for investors today.
What do events in the Ukraine and other trouble spots in the world mean to you and your clients portfolios? We have received a number of calls that go something like this – “with the threat of war, should I make any changes to my portfolio?” Or in other words, what they are asking is should they get out of the market, raise cash or hedge?
This is what I shared with an advisor client recently and I share it with you today.