June 28, 2022

Economic Backbone

2020 wealth management advice for Floridians

| 3/25/2020

Florida Trend asked money managers around the state how investors should move forward during this extended bull market. Most investors have been buying U.S. large-cap growth stocks over the past several years. But with those stocks trading at price-to-earnings above historical averages, Stephen Curley recommends shifting portfolios to value and international stocks.

“I’m not advising anyone to sell off all of their U.S. large-cap growth stocks, but value and international stocks are fairly priced relative to history, and you should consider strategically allocating to them,” he explains. He notes that the dollar has appreciated considerably over the last decade, which is why international stocks have lagged U.S. stocks. Investors “don’t want to be in the position where you don’t own any international stocks when that reverses.”

This story also features: William Merriam; Steven Curley; Bill Hustead; Kevin Ryan; Jose Remy; Filipe Lemos; Carlos Lowell; Michael W. Landsberg

 

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Tags: Banking & Finance, Wealth Management, Feature

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