Tuesday, July 22, 2008

Quoted in WSJ: To Protect Your Nest Egg, Tread Carefully

I was quoted in the Wall Street Journal on Sunday, you can read the entire article online by clicking above. My specific quote was in the High Yield Temptations section "Another temptation, especially among bond investments, is simply to put money in whatever product carries the highest payout. "Don't buy something just because it has a high yield, and don't believe that there are investments that pay high returns with little or no risk. They don't exist," says Scott Dauenhauer, a financial planner in Laguna Hills, Calif."

The article basically outlined whether or not you should be making changes in your portfolio at this time and if so, what to do and what not to do.

Its a short article, but a helpful one. Its always nice to be quoted in The Journal!

Scott Dauenhauer, CFP, MSFP, AIF