Ignore the News, Stick to a Long View: Strategist

Tune out the news and take a long view on the markets, Robert Pavlik, chief market strategist at Banyan Partners told CNBC Tuesday.

"Don't pay attention to the day-to-day markets unless you are a trader. You will lose your money," Pavlik said, on a day when positive second-quarter earning news has pushed the markets higher, and after President Obama endorsed a Senate plan that could break the logjam in the deficit-reduction talks.

"Set a time horizon and invest in a portfolio that's fully diversified," Pavlik said.

That would mean overweighting the basic materials, industrials, technology, and financial sectors, he said.

Pavlik said financial stocks in particular "represent a lot of good value for somebody that has a three- to five-year time horizon."

He would recommend banks Bank of America , Citigroup and J.P. Morgan , as well as insurance companies Hartford and Aflac .

"These companies have been beaten down...push away some of the day-to-day movements and you will have companies with higher values in three to five years," Pavlik said.

WATCH:Pavlik offers advice on finding growth in a lackluster market.


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Disclosure information was not available for Robert Pavlik or his company.