A Portfolio Pick-Me-Up for Troubled Times
(Wall Street Journal) — The past couple of weeks have provided no shortage of drama: the debt-ceiling debate, a ratings downgrade of the U.S., questions about European banks and wild swings in the stock market. It all makes for a lot of sleepless nights. Given all the tumult, how can we add more sheep to our evenings? Ultimately, a smart, long-term investment strategy should enable us to weather — and even take advantage — of these kinds of storms. So, how to get there? A lot of times, sitting tight is the best strategy. Anyone trying to time the enormous swings of the past several days has probably discovered that’s not very easy. Still, doing nothing doesn’t always make us feel more secure. Here, then, are five strategies that might give you more calm without upending your portfolio.