Making the case for reducing equity exposure after the past five years is a tough sell for many. However, the lesson of the past is that the best time to hold a well-diversified portfolio is when it is the most unpalatable.Towards the end of 1999 and into 2000, as Internet stocks were defying gravity and the NASDAQ was reaching all-time highs on a daily basis, anyone making an argument of investing in gold instead of the stock market would've been seen as a crank. The opposite was true after the financial crisis, when not including gold in your investment portfolio came to be almost viewed as irresponsible If you have been envious of the returns in the stock market because you have been pursuing an investment strategy that is more nuanced and balanced than just getting long an equity index fund, now is not the time to capitulate. And if you have been fortunate enough to be heavily invested in the stock market over the past five years, it might be a good time to consider the lessons of history, and consider some alternative, less equity-centric investment strategies. To learn more about investing with the portfolio managers on Covestor, contact our Client Advisers at email@example.com or 1.866.825.3005. Or you can try Covestor's services with a free trial account. The investments are presented for discussion purposes only and are not a reliable indicator of the performance or investment profile of any composite or client account. Past performance is no guarantee of future results.
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