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Podcast: Money Life with Chuck Jaffe
Episode: Trillium's Smith: Simplify your portfolio for the coming slowdown and recession
Description: Cheryl Smith, economist/portfolio manager at Trillium Asset Management, sees the economic tide as running out, and that it will be taking the stock market with it, and while she does not think it will be a steep, sharp, protracted drop, she does say investors will want to prepare for it. She suggests keeping the portfolio simple, rather than going after alternative investments built to make money even when the market is down; she says investors will likely prefer buying U.S. multinational companies rather than investing in foreign stocks and says investors should be moving the portfolio now...