Debra Brede does all the investment selection for her clients’ portfolios. Here’s how she describes the adjustments she’s made over the last few months:
“I’ve seen that there’s been a lot of opportunity with dividend-paying stocks, so I’ve done more shifting that way. I pared back some on the international. You tend to make more money with international when the dollar is weaker, so I was paring back on that toward the middle of last year anyway. Not big amounts, but we took some profit off the foreigns. With bonds, we’re looking to be sure on our bonds, so we went through our municipal bond portfolios to make sure they were all higher quality bonds.