With uncertainty clouding the market outlook, investors may want to prepare for near-term volatility. Providence Financial & Insurance Services president Anthony Saccaro sits down with Brad Smith to discuss how investors at different stages should position themselves for volatility in the short term.
"Consumer confidence obviously has been down, and there's really nothing that's going to tell us that it's going to increase from here," Saccaro tells Yahoo Finance, adding, "It's all about inflation, it's all about tariffs."
For younger investors reexamining their investment strategies, Saccaro suggests dollar-cost averaging since volatility can actually drive down the average purchase price in the long term.
On the other hand, for investors who are nearing retirement or have already retired, "all of a sudden, you have to worry about a major pullback at the wrong time." He says, "If you're a little older, it might not be a bad time to reposition into something more conservative, and my preference is to focus on things that pay interest and dividends because those are the eggs that you can count on."
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This post was written by Naomi Buchanan.