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Thats especially true for baby boomers, who are either at or quickly approaching retirement age.
Complicating matters this time around are the sweeping changes President-elect Donald J. Trump hopes to implement.
It could be tempting to dump stock or modify investment holdings to avoid losses, Hayes noted.
Diversity should be a priority, according to Hayes.
With that in mind, consider how your portfolio is allocated acrossstocks, bonds and cash.
Hayes, on the other hand, recommends sitting tight for now.
What Should Boomers Do Now?
Hayes said her best recommendation is diversification and a wait-and-see approach.
We wont have an all-clear untiltrade policies and tax legislationare enacted.
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