Howard Pressman Quoted in CNBC’s Article, “Portfolio Management in the Time of Record Highs”
August 22, 2016, CNBC - The article explores challenge that the high valuation stock market presents to investors concerned about risk. These investors face a choice between sticking to their plan, changing their investment strategy or sitting on the sidelines.
Howard Pressman shares insights from his experience with dealing with his clients portfolios. For those more risk-averse, he has shifted to higher-quality stocks and bonds, for more aggressive clients, he left the portfolios untouched. "These clients are farther from their goals and can better withstand the ups and downs of the market," Pressman said. "Our opinion is that there is still room for growth in this market."