Here's the No. 1 thing this retirement pro is telling his clients right now (via ETFEdgeCNBC)
That's the No. 1 idea Stadion Money Management's Will McGough, the firm's chief investment officer for retirement, is promoting among his clients as he tracks what he calls a burgeoning "'savings more' crisis."
That's because McGough, whose firm invests its $3 billion in assets under management almost exclusively in exchange-traded funds, believes the act of saving matters much more than even picking the right portfolio."ETF Edge."Compounding refers to growing the value of a given asset by allowing it to appreciate via stock market gains or increasing interest. And, for McGough, letting that process play out will benefit long-term investors much more than the occasional rally.
In that framework, McGough's firm precisely allocated its exposure, with 65% in U.S.-based equities and 35% in international stocks. Its split between developed and emerging market investments is 80% to 20%, respectively. "For this bull market, we definitely like the U.S. and large-cap stocks," McGough said. "Why would you bet against the largest U.S. companies [versus] the rest of the world? Right now, even with the volatility and the marcro backdrop, they're holding up well."
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