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Premier Wealth/First Allied Securities’ Mark Martiak and Telemus Capital Partners Chairman Gary Ran on where to invest in the current market environ...
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-- -- all right let's bring -- -- -- now we have Jerry Randy is founder chairman of Thomas capital partners and mark -- act is that he's senior wealth strategist with premier wealth first allies securities John Maginnis you mark.
You saying we're gonna go over the fiscal cliff I happen to agree with -- or at least I think that that some people actually want that to happen but you have to advise your clients -- a certain way if you believe that we're going off the fiscal cliff.
What do you tell your investment clients to do.
Well currently what I'm advising my clients to is it to do is -- cell array.
Their income right now in deferred adoptions based on strategies that we're having discussions we're having with my clients.
And -- -- I'm also telling them to be very defensive.
Our baseline scenario -- we head into the new year is for slow.
But steady growth coupled with low inflation.
And reasonable at a reasonable and attractive valuations of equities.
Now Gary let me get you to respond to that outlook because I understand your more positive on the market because of the Clinton.
Well I think you know everyone -- -- mesmerized by the discussion about the fiscal cliff but the last time I checked stock prices are usually based on earnings outlooks on the economy.
And.
-- easily ever went ignoring the fundamentals right now.
-- examine what can we start to the fundamentals and ignore politics.
If ever a time when do we start talking about the Super Bowl ads vs the fiscal I'll tell you the Asian.
Did you make a great point area.
-- I think at some point you know will solve the -- -- way to kick the can down the road wolf -- have a grand bargain we'll have no bargain but it'll be old news not the current news.
Mark we're going to be talking about the retail sector coming up in more detail -- we're get a lot of mixed signals.
About what's happening in retail this holiday season what what are you sensing about.
-- -- And the retail sector Whirlpool will perform well I just don't think it will over exceed.
Analyst or Wall Street's expectations.
I think -- everything that needed to be done in terms of the -- -- don't terms of consumer investments purchasing in the aftermath of sandy took place.
Talk on the other hand if you -- there haven't been a lot of promotions out there from the major retailers.
Past the holiday weekend that kicked off this season that is the Thanksgiving.
Day weekend so I I believe retail will do reasonably well the question is will it exceed last year's.
Performance.
Speaking of -- Gary -- -- apple is one of the companies are bullish on even if shares have come down ninety bucks of late.
Where's the upside where -- see this trajectory.
Going higher I have three sons on their twenties and their merits of the apple ecosystem for I think years the com and I and you know I think Apple's a play that it's not gonna be the -- that people talk about I think Apple's got a place in the the public's mind.
That's going to be tough to remove.
Still at the recent declines is this an entry point around 520 share.
-- I think for you know if you back out the cash to stocks trading you know eight or nine times earnings of -- we're looking at and I think you know given its outlook and four and I think the man for not just the US consumer but you know now you're talking about in phone sales in China for example just this started.
On the I five I think there's a lot of catalyst I think the Sachs chief and -- mark despite your pessimism about what happened the academy you're.
You're optimistic about what's happening with homebuilders you think this is a real -- that we're seeing here one that'll last.
I agree the trend line that points to homebuilders.
Enjoying a nice ride and you're seeing that it's been it it was priced into the market that probably about two quarters ago.
But it will continue.
And I think that -- that part of our economy will help.
Not only the homebuilders themselves but investors on that are in the market -- -- continue continued to rally continued for how long mark.
My senses to route to 2013.
I really think that you can.
You can really count on this resurgence.
From the home builder homebuilding -- there.
All right one last comment from you Gary Marx I need to ask any direct questions just the way it all sort -- this hour big theory.
Remaining time here what's your -- asset allocation.
Right now worry allocating that I saw on model balanced portfolio columnists would be about 43% in equities that would be split equally between domestic and foreign.
We're about 15% traditional vines were about 30% non traditional bonds we like credits like junk and mortgage reits.
And were -- 10% real assets that would be energy and alt keys.
Are precious metals and we're about 2% cash.
Great detail thank you gentlemen mark Marty act and Gary -- thanks to both of you appreciate you for having us happy holidays like -- back action.
