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Investing in US Stocks for Florida Trusts and Estates: time to fly or buy?

Uncategorized Oct 31, 2013

If you are the trustee of a Florida trust, or the executor (personal representative) of a Florida estate, part of your job, some of your duties include, managing the finances of the Florida trust or estate.  So how does a Florida trustee or Florida executor deal with the surging stock market? As Bernstein Global Wealth Management points out, the US equity markets have gains of over 100% since March of 2009.  www.bernstein.com  But with the S&P 500 Index hitting new highs, Florida trustees and executors, and the probate lawyers who advise them, are wondering:  is it time to buy or fly?   Interestingly, Bernstein Global Wealth Management, a unit of AllianceBernstein LP, finds stocks attractive today, particularly when you compare them to bonds.   I wonder what Florida trustees and executors feel about comparing stocks to real estate or alternative asset classes.  Luckily, Florida’s prudent investor rule does not require perfection, only a plan.  A strategy.  So, what’s your strategy?