David Hefty of Cornerstone Wealth Management and Carlos Lowenberg of Lowenberg Wealth management provided suggestions for a "no-stock" alternative investment portfolio.
Third World Currencies — “We can’t ignore that the emerging market trend is in a long-term secular bull market,” Hefty told CNBC. “If you don’t want to own the stocks, a little bit of a safer play is to invest in their currencies. So that as these continue to do well and as currencies rise, it’s a way that investors can take some profits.”
Real Estate Apartment REITs
Life Insurance Products—“They are typically funded with lots of premiums,” said Lowenberg.
Private Companies—“They have done well in the last 20 years,” he said. “More millionaires have made money with private companies.”
Guaranteed Lifetime Income Annuities
No immediate information was available for Lowenberg or Hefty.
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