How Nervous Investors Should Play the Trump Rally

Lock in some profits and rebalance your portfolio, but don't go overboard.

There’s an old Chinese curse that translates roughly into “may you live in interesting times.” Americans today certainly are living in interesting times, but few investors feel cursed. A nearly eight-year-old bull market has sprinted to a series of new highs since the presidential election. Standard & Poor’s 500-stock index, which closed at 2351 on February 17, has surged 9.9% since the close on November 8, barely wobbling along the way. That’s a good year’s worth of appreciation in just a bit more than three months.

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Anne Kates Smith
Executive Editor, Kiplinger's Personal Finance

Anne Kates Smith brings Wall Street to Main Street, with decades of experience covering investments and personal finance for real people trying to navigate fast-changing markets, preserve financial security or plan for the future. She oversees the magazine's investing coverage,  authors Kiplinger’s biannual stock-market outlooks and writes the "Your Mind and Your Money" column, a take on behavioral finance and how investors can get out of their own way. Smith began her journalism career as a writer and columnist for USA Today. Prior to joining Kiplinger, she was a senior editor at U.S. News & World Report and a contributing columnist for TheStreet. Smith is a graduate of St. John's College in Annapolis, Md., the third-oldest college in America.