When volatility is running rampant in the market, it's only natural for investors to ask how they can mitigate it -- without selling out of all of their stocks and giving up on future growth and income.
As co-managers of the Action Alerts PLUS portfolio, TheStreet's Jim Cramer and Jack Mohr have had to ask themselves the same thing.
The first thing they did was lighten up on their energy exposure, selling their holdings in EOG Resources (EOG - Get Report) and Marathon Oil (MRO - Get Report) . This was done to not lower the portfolio's volatility and its risk as oil prices continue lower, Mohr explained.
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