Investment Trends; Staples of Life Hold Together Portfolios in Slow Market

Summary


When consumers' wallets are slimmer, they tend to cut back on discretionary items like movies and new computers. They keep buying razors, toothpaste and toilet paper, though.

That's the reality Terence V. Pavlic is trying to take advantage of as he rejiggers client portfolios in light of recent economic developments.

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Extract


Investment Trends; Staples of Life Hold Together Portfolios in Slow Market

"We're seeing ample signs the consumer has not got a lot of discretionary dollars left, thanks to rising interest rates, high oil prices and only modest growth in employment," said Pavlic, president of Pavlic Investment Advisors Inc., Brookfield.

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