Where pros are putting their cash
Money magazine asked several financial experts: What are you doing with your own portfolio in the wake of the financial crisis?
George Kinder, CFP and founder, Kinder Institute of Life Planning, Littleton, Mass.
"I typically keep between 60% and 75% in equities. It's an index portfolio - widely diversified - and I've thought, 'This ought to work even in a depression.' The only thing that I did, during the summer, was to sell some small company and high-tech stocks. That let me put an extra 5% or 10% of my portfolio into cash. It makes me feel a bit more comfortable."
NEXT: Tuning out the hype
"I typically keep between 60% and 75% in equities. It's an index portfolio - widely diversified - and I've thought, 'This ought to work even in a depression.' The only thing that I did, during the summer, was to sell some small company and high-tech stocks. That let me put an extra 5% or 10% of my portfolio into cash. It makes me feel a bit more comfortable."
NEXT: Tuning out the hype
Last updated October 09 2008: 4:47 PM ET