Hightower Podcast: Collective Wisdom

Jim Ewing of Ewing/Cona Wealth Management in Marlton, N.J., says that the long current market rally appears to be overbought, which isn't necessarily a reason to expect a protracted downturn, but it should inspire investors to be more cautious. To that end, Ewing notes that many investor portfolios have grown fabulously over the last few years, gaining in size but moving away from their underlying financial plan. He suggests that investors wanting to respond to current market conditions look at rebalancing to see if it is both necessary and more likely to give them a comfortable portfolio for riding out the market's upcoming volatility.