Rising interest rates, do you know what to do?

Rising rates erode capital value of fixed income, creating a difficult dichotomy for investors to navigate.

Results from the Edward Jones survey show just how deeply investor confusion runs.

One-third of the 1,008 respondents between the ages of 18 and 34 said they have “no idea” how the changing rate environment will impact their investments.

While understanding grew in older age groups, fully 63 percent said they don’t know how higher rates will affect investment portfolios such as 401(k) plans, pensions and individual retirement accounts.

Edward Jones has cut its long-term allocation in fixed-income portfolios from 35 percent to 25 percent.

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