A market decline becomes more consequential when your investments also fund your life. Retirement withdrawals continue. Tax payments come due. A planned purchase may be difficult to postpone. That is why portfolio construction should consider…
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A highly appreciated stock position can be a good problem to have. But when one investment becomes a large percentage of a portfolio, it can also create meaningful risk. The obvious solution—sell the stock and…
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A portfolio can look sensible on its own and still fit poorly with the person who owns it. A household approaching retirement may need investments to fund spending within a year. A business owner may…
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An investor can be optimistic about stocks over the long run and still want to limit some of the downside in a portion of the portfolio. Another may want an investment that can earn a…
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Giving up some potential upside in exchange for cushioning a portion of a market decline can be a reasonable trade-off for part of a portfolio. Buffer ETFs offer one way to make that trade-off, but…
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