Based in Mooresville, North Carolina, Cubby Bice serves as president of Bice Wealth Management, where he delivers a variety of financial solutions to his clients. One area of focus for Cubby Bice is developing estate and retirement plans that help preserve and protect capital during tumultuous times.
At the core of this approach is a well-diversified portfolio that is adjusted with a trusted advisor on a yearly basis. It makes sense to split capital into various classes such as equities and bonds, as well as commodities and real estate. In general, riskier options such as stocks should be more heavily weighted at the outset of one’s career, with a shift toward lower-yielding but more predictable treasury and municipal notes as retirement approaches.
It is important to invest in a variety of companies across different sectors, from health care to telecommunications, as well as a diversified range of market capitalizations spanning small-, mid-, and large-cap stocks. In general, financial companies with sound fundamentals thrive in high-interest rate environments, while IT and consumer discretionary companies outperform during bull markets.
Talk with an advisor about these strategies in the context of maintaining a portfolio of non-correlated assets that react to changes in the market differently (or even inversely). Ideally, this will result in one holding going up at the same time another goes down, ensuring overall consistency in portfolio returns.
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