The bond market right now is comparable to the stock market in 1987, when equities were overvalued, except now things are reversed, with stocks undervalued and bonds in a possible bubble.
"Pay attention to the bond market," Joe LeFeria Founder of LaFerla Group, UBS Financial Services told CNBC's "The Strategy Session" on Thursday.
LaFeria doesn't believe in buying individual stocks and bonds—"that's not the way to make money, talent is the difference maker."
"We prefer to go out and hire the best fund managers and build a portfolio," he said, adding, "we use ETFs (exchange traded funds), as well, to strategically support the active fund manager."