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FBN’s Charlie Gasparino on making smart investments to bolster your portfolio, regardless of who wins the election this year.
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-- -- Investors have lots to worry about these days you've got the unpredictable stock market.
Trading -- -- -- got about them is that still flash -- -- The upcoming presidential election product crawl under -- rock may be -- -- I'm steer money don't do that.
There are investments we made no matter who wins the presidential election.
Charlie Gasparino with -- -- was whispering has you know I don't give people stock recommendations.
State was IQ when he.
That's why I thought whiteness is interest well.
-- doing -- here's a thing because it's I spoke with Larry McDonald from new -- you know Larry comes on -- on -- -- Good trader former Lehman got formerly -- wrote a bestseller -- willing and and I simplicity you know there has to be.
Ways to make money off whoever gets elected because both of them that come with fiscal policies.
President Obama is gonna have a new agenda in his in his second term she was as a -- Iran -- gonna have a much different agenda and he's just got to be some broad areas we can talk about.
You know all things being equal we know the interest -- -- -- -- the -- some of this is simplistic but it gives I wanted to give viewers.
A couple guideposts of what to look -- still I think it's it's kind of I think it's good enough to just take -- for what it's worth.
Don't have to act on -- but these are sectors OK if Obama went so I had Larry I spoke about an Obama portfolio will -- what would that be.
Well you know -- -- insurance stocks okay.
If present what was -- second -- no matter whether the Republicans take the house of the senate.
They're not going to be able to reverse obamacare HMOs and insurance such as people are illegal Bobble head there.
It probably thought it looks like it was really good spot he actually looks more presidential happen anyway let you know -- -- CEO right does so you want those because obamacare sort of force you into.
It into into insurance agent did -- buy an insurance and HMO -- will do well I mean there's some other things you can do.
Lot of people say you know Obama is bearish for the markets probably bearish for the economy.
Because he's gonna raise taxes you name it.
They say gives -- some defensive stocks as well you know food makers and -- -- Anheuser-Busch.
Usually do wealthy economy stays in its sort of you know very tepid sort of growth rate or -- goes into into the double dip which is possible if if the president goes to its plan to raise taxes.
And so the other thing is you know you might wanna buy investment grade bonds low risk for default.
You get that yield you get that you get that you get those coupon payments.
I'm buying something like a GE bond or whatever you know there -- some need to some decent progress investment grade bonds.
Okay that's the Obama portfolio like as a broad strokes and there's -- severe -- -- -- -- congress is a big bearable when I could go -- just yet.
Here's what happens if -- now that looks like to see you know doesn't it well now and -- it's the same shares in the say okay -- cut also you say we didn't we didn't make Romney who.
Look look better than Obama and the ties OK let's just I have to combat hours let's get into a acquire finances -- Romney's -- said he wants it he wants it to blow out parts of Dodd-Frank.
Medical device makers he wants a blowout parts of obamacare apparently there's a tax on medical device -- there is a pretty -- to get rid of that.
Go down the line defense stocks pretty good -- you know he's gonna he's not gonna cut defense clearly as much as President Obama.
You might wanna buy high yield bonds lied because you know he's gonna lower taxes which could be good bad better for the general market and the economy.
This -- high yield bonds as opposed to -- investment grade bonds will -- political that was just -- -- -- -- -- we show that graphical more time we show the Romney graphical more time going to and as we do -- let me just like a point about defense.
You know when it.
When they dealt with the fiscal -- -- It was built in and that official -- -- -- one.
You know you can see what his ideas are and whether he's were in the same color tied to -- just cut off -- -- -- -- -- -- -- okay but if you -- the last thing this I think defense stocks -- -- from the gets reflected that's going to be.
It's they're gonna see is spiking up because Obama wants a cut it clearly full brunt it has -- the -- thing was we Muni bonds which is adjusting.
Why is that an important investment decision well.
If you think that the economy's gonna get better what's what's causing member Meredith Whitney's sort of gazillion.
She's via a look at -- said they would all the fault is eaten that never came true but still some municipalities are -- -- pressure.
Well guess what if the economy and -- others whether of the precious was the economy is still very tepid.
It's not growing very fast if you we get better economic growth which.
You know a lot of people think that Romney's tax plan the lowering of the marginal rates plugging -- loopholes which are still undefined but still that's what they're.
You know Paul Ryan has come -- -- the -- was one of the debate this.
People think that we can get better economic growth will those Muni bonds could prosper that could you point out that -- has it Ryan has a fund -- tonight at the Waldorf.
I was not invited.
It's.
But.
And its interest in because a lot of people it didn't of chatter among the big GOP donors but just up at -- -- -- where they hang out.
And they're saying that they expect possibly Romney a day before.
The debates which are tomorrow -- the second debate to make over a walk through.
Do do -- a guest appearance wise that.
But people think that he feels pretty confident about tomorrow.
He's not gonna over -- that's the rumor.
That's the chatter about -- could happen we have new information is gonna have a that's what a lot of big money people us we will put Charlie stocks up on the FaceBook page FaceBook dot com slash Liz Claman the Obama portfolio the Romney portfolio thank you very much closing bell ringing in thirty minutes look at the still up 95 points member -- have a session we were up by hundreds of points.
