Make Your Portfolio More Defensive

Risk is rising on Wall Street. Make sure you're prepared.

football player wearing multi-colored helmet
(Image credit: Illustration by Chris Gash)

Football teams aren't the only ones that rely on defense to protect a lead. Investors can also boost their odds of success by listening to the voice in their head chanting Dee-fense!

Going all-in all the time isn't always the best investing game plan – especially after a big rally such as the current bull market, which has propelled the S&P 500 Index to a gain of more than 100%. "People need to remember that markets don't always go up," says Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management.

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Contributing Writer