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Pulling Out of Emerging Markets

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    RDM Financial Group CEO Ron Weiner on investing in U.S. companies that sell to emerging markets.

  • Duration 2:34
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We've got -- leader here at ardea financial group that he has watched the world markets very closely than fact front you are pulling out.

Of emerging markets and -- tally of see where just about a month and a half ago you were actually liking the investment.

What we said -- a month ago.

Is that we're pulling back to America to invest in companies that sell to emerging markets than we've done more of that.

We're down to about a 3% three -- in position in direct emerging markets.

It's only in Asia and it's in stocks that have high yield -- as you see this breaking news that central banks look to add more liquidity to prop up banks were assuming in Europe.

It wasn't specific headline out of Reuters as to whether it was simply Greece or Spain or everybody because there seems to be a real issue now with the banks there.

What do you think -- the opportunity for an investor.

First off we're investors not gambler so I don't know why that's happening what I also know is that I think they're playing musical chairs on the Titanic.

There isn't enough income being generated there isn't enough taxing they can do in order -- to balance their balance sheets.

And their borrowing more money will someone's gonna pay that debt some day.

So we're not real big fit fans of of Europe right now however people have to eat they have to drive cars have to do that for the opportunity.

We think is in the US and and and companies that sell.

Outside the U well you've got to figure that you don't wanna fight the tape and back as I mentioned 2009 where the government is pouring liquidity in.

Whether you agree with that are -- feel that it's just like taking -- -- from -- left arm and giving you a transfusion -- your right arm and whether it's alters the same money.

Doesn't matter it is very bullish for stock markets is it not and that means that you should be.

Mostly invested in equities.

-- we have about ten -- 13% in cash the rest is invested in equities.

It's the type of equities we don't we think we're driving down a road would bald bald tires no brakes and -- and its partner right.

So why take the risk -- Mean these are -- guess is that these are role TARP how all that's up -- we hope that worked well with the oil.

-- jury's out what they'd worked and that they're going to be doing the same thing in Europe.

There are solid.

Absolutely solid investments in companies.

That you can make and he just steer stay here in the United States and let them do their thing and these companies are.

Fortress balance sheets would good dividend so rob says retreat to America he's going to name names but he's got a couple of companies in which is -- the corporates the corporate bonds not necessarily the actual stock to stay -- He's gonna teach you how to do that -- what -- name all of the costs companies he likes right now closing bell ringing in about.

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