Consumer Confidence

Investors rage as interest rates rise

As we close out the first quarter of the year, it appears that some have entered the third stage of the psychological condition known as "investor angst" (IA). This malady's primary symptom causes overarching worry about how every holding in an investment account might react to changes in Federal Reserve policies.

Stage one of IA began nearly two years ago, with the "taper tantrum." On May 22, 2013, the Federal Reserve announced that it would begin tapering its bond and mortgage backed securities program. The news freaked out investors and they sold just about everything that was considered risky. Eventually, things bounced back and markets regained their...