Laif Meidell,president of American Wealth Management and a FINRA registered representative with Foothill Securities, a hybrid Reno, Nev.-based RIA firm, recently shared his thoughts with Paula Vasan regarding market volatility and his response by adopting a more defensive portfolio position with his AdvisorShares Meidell Tactical Advantage ETF (aka MATH).
Recent sentiment shows investors are increasingly fearful of volatility. During the past several weeks you have become more defensive, with 50% in cash and little equity exposure. How does this compare with your previous allocation model, and why are you so defensive now?
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