Over the weekend, Andrew Altfest, President and Principal Advisor at Altfest Personal Wealth Management, spoke with CityWire about the current market volatility. During his interview, Altfest stressed that the team at the firm is calm and composed. “The Altfest investing and portfolio committees have been anticipating a market sell-off for months,” stated Altfest. “Over the past several years, stock valuations have steadily risen to historically unsustainable levels. We took note of this and have been positioning our portfolio to weather a market correction by diversifying with hedges.”

Specifically, Altfest mentioned their reduction in tech stock concentration and a rotation into companies that the firm anticipates could see more stable cash flows in the short-term such as healthcare and utilities. They have also employed hedged ETFs that utilize options to protect downside risk, long-term bonds, and gold positions.

“Just last week, we had two roundtables in our office for concerned clients. And then the day the tariffs were announced, we had a webinar for clients that afternoon,” he said, adding that “Altfest has been performing more stress testing projections to show clients how they can withstand a prolonged downturn in US equities.”

If you would like an objective and complimentary third-party review of your own retirement portfolio, submit a request and one of Altfest’s financial experts will schedule a time to speak with you.

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