Goldman says U.S. investors should keep their portfolios local
Plus: Diversification varies when it comes to ETFs, Wall Street starts cutting pay, and the next President will need to figure out how to handle Congress
- Most U.S. investors, who are already too heavily exposed to domestic stocks, should keep investing along those lines. According to Goldman Sachs, the U.S. is the only real safe haven right now. The U.S. is still in better shape than the rest of the world.
- Don’t make the mistake of assuming that exchange-traded fund is providing your client with a diversified portfolio. There are plenty of ETFs that hold only a single asset.
- With fewer jobs available to cut, Wall Street is now cutting pay to help make ends meet. This is a sign of peak efficiency.
- Do either of the Presidential candidates have what it takes to take on Congress? The key ingredient will be an ability to cross party lines with actions, not just words.
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