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    • 2 Years On From the Financial Crisis  03 Sep 2010

        As we approach the second anniversary of the global financial crisis, CNBC's Martin Soong takes a look at how the world has changed, what we can learn from the crisis and how you can Protect Your Wealth.

    • Time to Go for Gold?  05 Aug 2010

        Even though second-quarter results have been mostly strong and guidance positive, investors are hesitant to make a move. Uncertainty has taken hold, leaving economists divided on the road to recovery. So, is it time to go for gold? CNBC's Martin Soong finds out.

    • Banking on Emerging Asia's Growth  01 Jul 2010

        What role can emerging Asian markets play, in the global recovery? CNBC's Martin Soong finds out from various experts in this episode of Protect Your Wealth.

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    • All That Shimmers is Gold  06 Dec 2010

        Hong Kong-listed gold retailer Luk Fook is still a medium-term buy, even though the stock has soared over 250% since January, says Eddie Tam, CIO at Central Asset Investments. He explains why, in this installment of "Protect Your Wealth."

    • Investment Strategies for 2011  02 Dec 2010

        Invest in China's domestic consumption plays but avoid state-owned enterprises, advises Cedric Ma, portfolio manager at BMI Fund Management. He reveals his strategies for 2011 in this installment of "Protect Your Wealth."

    • Bonds Prices Set to Deflate: Analyst  25 Nov 2010

        Government bonds prices are going to deflate gradually over the next 10-15 years, believes Puru Saxena, chief executive at Puru Saxena Wealth Management. He reveals how he is investing in the fixed income space, in this installment of "Protect Your Wealth."

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Current DateTime: 09:46:22 10 Feb 2012
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Take Profits Now, Consolidation Is Upon Us

Published: Thursday, 22 Oct 2009 | 10:36 PM ET
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It is time to take some profits if one has built their portfolio up, advised Odd Haavik, managing director & CEO of Charles Monat Associates, as the recent market rally is not founded on fundamentals.

"It has been a lovely rally," Haavik said on CNBC Asia Pacific's Protect Your Wealth. "I think right now is a beautiful time to take some money off the table and to really try to protect it rather than to go for broke by expecting a super recovery back up to '07 highs."

Haavik said investors need to take stock of the situation, as the rally is momentum-driven amid "irrational exuberance". He expects consolidation in equities to be the theme for the rest of the year.

"The S&P has pretty much gotten up to about a 50 percent retracement of the big drop from the highs back in '07. There is an awful lot of cheap or free money out there with the stimulus packages. I reckon we will see a pull back some where along these levels, if not, a renewed crash," he said.

"I think there's a good chance things have gone about as far as they are going in the short-term."

Comments? Questions? Send them in here.

Catch "Protect Your Wealth" on CNBC's Asia Pacific network every Tuesday on "CNBC's Cash Flow," Wednesday on "Asia Squawk Box" and Thursday on "Capital Connection."

© 2012 CNBC, Inc. All Rights Reserved


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