Excerpt from, “More Stocks, Fewer Bonds,” by
Karen Hube, Barron’s Cover (online) March 4, 2013:
Wealthy investors appear to be heeding their managers' advice, which itself is a big change. In
the past few years, portfolio managers have periodically urged their clients to
become more risk-tolerant and more open to equities, but their clients wouldn't
budge. Still rattled by the recession of 2008, they resolutely ignored their bankers' advice.
Heed: pay attention to; take notice of
Resolute: admirably purposeful; determined
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