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Reallocating Accounts

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Oct 14, 2008 3:09 pm

Given yesterday’s bump in the markets, which may not last long, when might you reallocate within some accounts to decrease the volatility for clients you have come to find out can’t stomach these moves?

Oct 14, 2008 3:13 pm

No plans to reallocate on that basis. For buyers, I’d like to see if we get another dip.

  Those who can't stomach are going to have to wait quite a while, or trust the guy who comes to their house or bank to sell them a fixed annuity at precisely the wrong point in the economic cycle.