Michael Wursthorn

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1,567 appearances 29 recordings 1 series first heard Jul 2017 last heard Nov 2021

Michael Wursthorn’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Today's Volatile Market: You Can Run, But You Can't Hide · 1 Nov 2018 podcast

So portfolios are going to take a hit.

But what they're suggesting is that, you know, fixed income is the idea of it is not to necessarily see a massive return on your portfolio, of course.

But the idea is more to stabilize your portfolio.

So even though you've had that significant pull down and even though those traditional 60-40 investors are negative for the year, those losses would have been so much worse if they were all equities.

I mean, the S&P 500 is on track to be down 8% in October.

So, obviously, those 60-40 portfolios help stave off a steeper decline.

So, you do have some asset managers saying, take this opportunity, buy bonds, but realize that you're going to go through some short-term pain.

But over the long term, and especially if you hold those bonds to maturity with these higher yields now above 3% on the 10-year, you're getting a bit more stability and safety in that portfolio.

You just got to look past that near-term volatility, which is hard for a lot of investors.

I mean, it's

You know, the direction in the market any one day can really influence a lot of the psychology investors, a lot of money managers say.

It is.

And the more patience an investor can employ in terms of maybe not selling a stock that where the fundamentals haven't really changed, but there's just this overall bearishness in the market.

If you bear through that, investment managers are just saying you're likely to see a recovery just like we did in February all the way through the end of September.

where stocks had a great rise from that correction back in February.

So you got to wait it out.

But the one thing that is for certain that nobody's expecting a quick run back up to record-setting territory, similar to the February to September move that we saw in major indexes.

So if anything, while money managers are saying to be patient, they're also reminding investors, though, don't just expect this to play out like traditional market cycles.

It might take a while to get there.

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