Doug Cohen on How Retirees Should Invest at a Time of Low Interest Rates
On April 21, 2019, the Wall Street Journal published an article featuring Doug Cohen, managing director of portfolio management. In the article, “How Retirees Should Invest at a Time of Low Interest Rates,” Michael Pollock discusses key approaches to create a portfolio that gives a dependable source of cash flow with less risk and greater confidence.
Although preferred shares pose lower risk than some other income plays, they aren’t without risk, says Cohen. A key concern would be a big rise in long-term yields—those rates that tend to be influenced more by fear of inflation than by modest changes in Fed policy. If long-term rates go up, principal values will drop, Cohen cautions.
The full article can be read here.