Whatever jitters the stock market may have had over the trade war with China seem to be going away. And that is helping your portfolio.
The Dow was up 7% in June. The S&P 500 had its best first half in 20 years. But, financial planner Leonard Raskin says it's hard to predict the next six months.
“Investors are waiting for that signal, but nobody has it. My hunch is if somebody had it they wouldn’t tell you and me,” Raskin said.
He says that your best bet is to think long term, if the Great Recession of 2008 is any indication.
“We saw the market go from 7,000 to 27,000. Focus on the long term, and don’t worry about the next six months. In the long term your portfolio will do very well,” Raskin explained.
A positive signal is coming from Bank of America though, saying there is $645 billion in assets that have not been invested. Experts say that's a 'buy' signal because at some point it will be invested, and that would drive up prices.