Ride out the market turmoil? Not these investors
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After the dot-com bubble burst in the early 2000s, Lars Staack decided to play it safe and invest his retirement savings in S&P 500 index funds, which are diversified and carry lower risk than owning individual stocks. It was a strategy that brought him peace of mind for more than two decades -- until President Donald Trump was elected in November. As he reviewed Trump's comments in support of sweeping tariffs, Staack, 62, who retired two years ago, became increasingly uneasy about the savings he planned to use for the rest of his retirement. Those nerves about how Trump's economic policies might affect the stock market led him to start selling his index funds in January, moving them into bond and Treasury funds, which are seen as safe havens in times of volatility. About one-third of his savings are still in stocks. The daily swings last week, which included the market's worst single day in months, have made him conside...