Wealth Management - Investment Sounding Board
Florida Trend posed this question to 11 financial advisors - here are their answers.
[Photo: Brian Smith]
Where we're trying to gradually increase our exposure is emerging-market bonds. We're looking at countries with less debt and better growth prospects. We think over the longer term, the risk of owning long-duration bond markets in the U.S. and European markets is high.
Our equity allocation is balanced and diversified. We're focused on U.S. stocks that pay a dividend. This is not a fixed-income alternative. We're investing for growth, not the dividends. We're also invested in higher-dividend yielding stocks in emerging markets. In our equity portfolios, I think you will see a gradual bias toward emerging markets. This is where we think there may be opportunity. We believe that the dollar might decline, and as a result you may want to own stocks and bonds in countries with currencies growing faster than ours. Our investment in global REITs should also get larger over time."
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