joining us to talk about that is brad macmillan, chief investment officer at commonwealth financial network. brad, i can think of this as a double edged kind of thing. on the one hand, rising interest rates tend to be anathema to utility stocks. on the other hand, a better economy ought to increase their earnings. >> and i think that's exactly right, tyler. the first thing to do here is not panic. at the end of da rat may go up a bit, but the effect is going to be modest. and the effect on you as aed in investor in particular isn't going to matter. if you bought these securities for income, rising rates are not going to hurt your income. in fact if you reinvest it, you'll actually get more income over time. so the first thing here is not to panic. >> all right. so at this point, then, do you take a look at the utilities you have and see which ones perhaps are more vulnerable to rate increases, as modest as they might be? and maybe sell some of those and add other aspects or other types of utilities >> well, utilities as a whole are indeed vulnerable to rate increases. so if you're really co