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Eisneramper Personal Wealth Advisors Chairman Tim Speiss on how investors can reduce the risks to their portfolio from the negative news in Europe.
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-- -- the financial fallout from the upcoming great collections what -- it is okay.
Whether Greece leaves the Euro -- or not -- space is a man who says he's got a plan to help you make money.
Or at least protect the money you have he's the -- -- -- -- personal wealth advisors chairman one point six billion point eight actually one point eight billion in assets and I think it is important to stress that.
It doesn't matter what happens the fact is we have seen it has been established that headlines out of Greece hurt our portfolios.
Or help depending on which way ping -- back and forth but.
What is the number one thing that people should be doing right now in advance of that election no matter how it -- Underweighting the EU at this time I know about Greece specifically but there's a lot of great -- if you look to the frontier markets in the emerging markets.
And looking to overweight fat and again reducing exposure -- EU I'd also say companies that you might own.
That happened over exposure to the EU another recruit -- business income activities are overweighted towards toward the -- those companies really should be looking at.
Been -- very cautious way and and we should also stressed too that it's not to say get out of European countries for example vastly by the way which is a Swiss company and not Switzerland is not the EU but.
Then doing most of their business in south America's that's not -- you don't just say oh let's sell it 'cause it's near the region.
Right that's right -- -- you're hitting out something -- the top growing economies right now Latin America is one of them.
-- AG -- synthesis.
Singapore Indonesia.
The sub saharan of all places.
So there there are a lot of them very rapidly growing robust economy sovereigns where they do not have debt levels of of the -- to -- countries they don't have the social spending around health care cost.
And public pension plans.
