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Dave Nadig
3:42
So I think they're trying to kind of build their own ecosystem for it all.
3:43
I'll be honest, I'm skeptical of the whole thing.
shrug.
OK last question:
Worry Wart
3:43
Any ETFs for escaping potential impending recession?
Dave Nadig
3:43
Well, ultimately this is just a raw economic cycle question.
3:44
If you believe int he global slowdown story, the question is "so what"
in one scenario, all risk assets around the world get hammered (sort of am 08/09 model).
THat would imply you should get super conservative, hole up in bonds/cash.
the problem with that is that timing is everything.
3:45
We could be facing a mediocre global recenssion and the S&P500 could still be up for the year.
you could also pull the trigger now, and miss a 20% rally.  Stranger things have happened.
So I'm not a fan of trying to tweak your portfolio constantly based on your week-to-week assessment of the global economy.  That's frankly just a form of market timing.
3:46
And you could be very right about the 2-4 year window, and still do poorly because you pull the triggers at the wrong time.
Which is why the boring answer: stick to a diversified global portfolio, re-balance on some frequency, and don't try and time things -- is the one that generally works best over the long term.
3:47
OK folks, that's it for this week.  Thanks for joining us!  See you next week!
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