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Power Play: Making money with a balanced portfolio

Traders work on the floor of the New York Stock Exchange.
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Traders work on the floor of the New York Stock Exchange.

Stocks surging on Wednesday, rebounding from Tuesday's losses. But these sideways moves, with the market up 100 points, then down 100, leave many investors wondering how to make money now.

Jason Lilly, director of portfolio management at Rockland Trust Investment Group, tells CNBC's "Power Lunch" on Wednesday a balanced portfolio will provide better risk-adjusted returns in this environment.

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Lilly likes the materials, utilities and telecom sectors over the long-term. "They are relatively small sectors in S&P 500 with exposure to the larger sectors. They tend to zig when those larger sectors zag," Lilly said.

He says investors should consider adding these sectors not for income, but for portfolio construction.

Materials and telecom are up four percent year-to-date, while utilities is down six percent.