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Nick Sargen, Fort Washington Investment Advisors CIO, on how to make smart investments in an uncertain market.
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Our newsroom.
Are right stocks falling after both the ECB and the Fed failed to act but many are hopeful they'll actually take action did -- We can only hope.
So how can you position your portfolio to make money in these uncertain times joining me now an ex sergeant chief investment officer with Fort Washington investment advisors.
You know how do you position your portfolio for a market that ripped like 500 points over the course of two days is Mario Draghi said.
We're gonna help -- out all and then turned around and did -- -- and now we're watching it we're down 165 right now how do you position for that uncertainty.
-- you know the answer Tracy is again you have to same cool would they deliver are not we weren't convinced that they would come through.
So we've we feel we're living in markets that it's take what you can get when when you have a nice wound up these aren't clear trending markets.
Take some profit so actually we a balanced portfolios.
And dobbs earlier.
In the week we basically lightened up on equity positions.
Not that we're bearish but were saying maybe we can get a buying opportunity down the road.
So you did take profits have in doing this rally back here at home though we have diminishing economic outlook didn't pressure on earnings.
Are you in the market at all at this point.
Well.
Where I would characterize us is holding -- for the most part holding on to positions.
The principal reason being that you know the market isn't super expensive right.
We don't think the US economy is headed for a recession we're just that period of disappointing growth.
Where we differ with the market is a lot of people in the market believe that another round of panties.
Is going to do something and we just think it's one out of bullets so.
When the market.
Rises on that expectation.
That's what we say no they've gone too far will take we'll we'll disagree.
But job will go back and buy at cheaper levels.
So let me ask you this are you buying in Europe at all -- mean one could argue there's got to be some investment opportunities there -- Mac are driving does come to the rescue eventually.
Yes and -- on that good question.
Are you what we look around the world we're value investors the best values in the world by far our in Europe and if we look at PE multiples.
US vs Europe it's the widest disparity in four decades but.
-- I've got to be confident.
That the Europeans have figured out how to stabilize the situation.
If I were confident that I definitely go in and by now what we're not.
So what are we doing.
How we're doing our homework were studying the company's high quality names that we think we would want to own.
Should.
The policy makers ever get their act together so.
Of where interest did but not tempted enough to -- -- just yet.
That way too many variables out there -- -- sergeant thanks so much for sharing your insight thank you.
