Each month The Final Round asks me to come on and talk about what I'm up to. This time I was able to explain how I have been taking profits in a rising market. Let's be clear - I have no crystal ball. But I do have a mandate to control risk and keep a diversified global basket of stocks and bonds. That means from time to time you need to rebalance.

In English - selling some stocks as they make big increases and buying bonds to keep the risk under control. This time around I focused on the REIT portion of portfolios. Also, I made some comments surrounding the IPO Unicorn fever. Our firm doesn't buy IPOs and we don't get involved in fads. If you want to know what was going on in my head that day, take a look.