Gatch: No magical sign to get back into stocks
If you're waiting for some kind of magical sign to get back into stocks, you're likely going to miss out on the upside, according to a J.P. Morgan CEO.
If you’re waiting for some kind of magical sign to get back into stocks, you’re likely going to miss out on the upside, according to George Gatch, chief executive of J.P. Morgan Asset Management.
“The world has become so short-term. Everyone’s looking for a catalyst, but by the time it comes, you’re going to miss your chance,” he said.
Advisers can avoid missing out simply by coming up with an asset allocation strategy and staying with it.
“Decide what percent of cash, equities, fixed income and alternatives are right for you, and stick to it,” Mr. Gatch said. “A disciplined approach over time is going to have a favorable outcome.”
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