APRIL 2020

Doug Cohen Comments on Retirement Account Considerations with The Wall Street Journal

Amid market volatility spurred by the COVID-19 pandemic, some Americans are searching for tactics to tweak their retirement accounts. The Wall Street Journal recently quoted Athena’s Doug Cohen, managing director, portfolio management, in an article published on April 19, 2020, about retirement account considerations.

Cohen notes that investors wishing to hold cash may want to be wary of higher-yielding income alternatives, such as short-term bond funds that may have more attractive yields but could hold securities with lower credit ratings. Even though Fed moves have steadied markets, he says, “there still may be risk there.”

The article also mentions that while it may be tempting to go bargain-hunting when stocks are trading at discounts, in the current situation, choosing individual stocks may be challenging. Cohen notes that aside from the risk of mis-timing a purchase, there is a potential that a strategy which may have worked in the past will not fare as well when the market begins a new cycle.

WSJ subscribers can read the full article here.

Doug Cohen is a senior member of the Portfolio Management team and is responsible for delivering investment advisory services including asset allocation, portfolio construction, and other portfolio management-related services. In addition, Doug oversees the firm’s New York office.