Selling now would be akin to market timing, a money-losing lesson investors learned last year
by Philip van Doorn
Are you tired of stories speculating about when the Federal Reserve will raise interest rates? Maybe it’s time to stop reacting to them, because they can damage your investment portfolio.
If you had panicked last year, fearing a change in central-bank policy would drag down prices of bonds and stocks with high dividend yields, you would have missed out on plenty of income and price gains. (The Fed eventually raised rates, in December, but stocks and bonds today are still near record highs.)