A Just-in-Case Portfolio.

The article offers insights from Richard Smith, president of Capital Advisory Group LLC, about the stock market. According to Smith, there is a need for investors to be more prepared for a higher frequency of financial shocks than in the previous years. He points out that the markets have become highly correlated in recent years. He explains his strategy of investing a portion of his client's money with fund managers who can buy various kinds of investments. He stresses the importance of appropriate tax management to investors' returns.