From the WSJ:
Tom Yaeger, a 74-year-old retiree based outside Allentown, Pa., is among those re-evaluating their market outlook. He voted for Donald Trump in November’s election—but has still found some of the president’s initial moves befuddling.
“Some of it is good; some of it is just head scratching,” he said, pointing to examples such as the president’s desire to take control of Greenland or his aggression toward longstanding trade partners like Mexico and Canada. “I’m in a bit of a holding pattern, trying to see which way things will go.”
Recently, Yaeger moved about $600,000 out of growth stocks into value and dividend-focused funds, investing in what he hopes will be a less risky and more attractively priced part of the market.
Action Line: When you want to talk about how you feel about the markets and your portfolio, email me at ejsmith@yoursurvivalguy.com. In the meantime, click here to subscribe to my free monthly Survive & Thrive letter.
