Joe Krier
President -
Krier Wealth Management -
Jacksonville
"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."
Tags:
Banking & Finance