March 29, 2024

Wealth Management - Investment Sounding Board

Where are you advising clients to invest while still remaining cautious?

Florida Trend posed this question to 11 financial advisors - here are their answers.

Joe Krier
President - Krier Wealth Management - Jacksonville

Joe Krier
"We're staying conservative. We have 30% to 40% invested in the equities market. The areas we like are dividend-paying stocks mostly in oil and gas and healthcare. We're believers in biotech, pharmaceutical and North American energy, particularly in an election year. We're buying into those areas using exchange-traded funds (ETFs). Those tools are liquid, transparent and inexpensive. We're not buying with a long-term perspective. We're not even expecting to stay invested through the end of year. The way volatility was in 2011, you can't be complacent and expect to buy and hold. I think there is opportunity in large-cap tech stocks. We believe the U.S. market is one of the better places to invest right now. We prefer to stay with the high-quality and short-term fixed-income investments. Regardless of what we own, we always have our finger on the sell button. We don't want to be married to any position."


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