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.