Interest Rates Rising

The Fed has indicated that they will raise short-term interest rates this year, perhaps multiple times. Given that rates are on the rise, how might that affect your portfolio allocation? Is there something that you can do about it?First, you can always take the long-term view, have a well-balanced portfolio invested for the future, and just stay on course. You don't have to change anything. Target date funds, total bond market funds, total stock market funds if invested for the long-term future (10+ years) will be just fine. At least, they always have in the past!That said, it is a unique environment of rising rates which we haven't seen in a while! Recall that when interest rates rise, bond values fall. Why is that? Tune in to hear an example. We also discuss why you hold cash as part of your portfolio and maybe a couple alternatives worth investigating.Find out more about Mike at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/