Although managing your 401k was pretty easy when stocks could only seem to go in one direction, you’ll likely react differently when stocks shift unpredictably, or even fall. Fortunately, there are strategies that you can use to manage your portfolio in times of trouble. Miramontes Capital’s Sid Miramontes recently gave GoBankingRates tips to keep in mind to take advantage of market volatility.
“Through thick and thin, bonds go far in giving your portfolio stability,” said Sid Miramontes, founder and CEO of Miramontes Capital. “Compared to stocks that take a beating in a downturn, bond investments fare much better.”
Read the full article: Smart Moves for Your Retirement Savings in a Volatile Market (GoBankingRates)