Positioning Your Portfolio for Tough Times

The worst decision investors can make is to bail from stocks at the bottom, so knowing your tolerance for pain when setting asset allocations is the key, financial planners say

When looking at an equity market that's already lost 20% of its value from its highs last October, it's a little late to be thinking of defensive measures for your portfolio's asset allocation, says Paul Baumbach, wealth manager at Mallard Advisors in Newark, Del.

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