Millennial wealth manager Scott Dore shares his aggressive approach to retirement investing as well as his top themes in the real estate market.
"I am proceeding with caution with regard to public equities," he said.
Doré says he's keeping his risk profile balanced in other ways, as he has higher concentrations of fixed-income investments and cash in taxable, non-401 accounts. That provides diversification and stability while also minimizing the taxes he owes relative to the tax-advantaged 401.just a few months after the market appeared to be in a rising-rate environment. So Doré argues that the right move today is minimizing the risk of getting caught off-guard.
He's also discouraging clients from considering lower-quality, higher-yielding bonds as they hunt greater income. He said he believes the bond part of a portfolio should be the safest, not the highest-yielding.
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