Charles’ Take: Disciplined Rebalancing & Beyond-AI Diversification with Michael Landsberg

0:00Are your ad campaigns lighting up the dashboard? But not the pipeline. That's bullspend. And marketers are calling it out in... dashboard confessions. My boss asked for results, so I opened my dashboard for the only positive sounding metric I had. Impressions. Cut the bullspend. See revenue? Not just reach. LinkedIn delivers the highest return on ad spend of major ad networks. Advertise on LinkedIn. Spend $250 on your first campaign and get a $25 credit go to LinkedIn.com slash campaign turn sick edition supply. He's earned decades of Wall Street success. A lifelong student of the market who learned to navigate the world of finance with unshaking confidence and underdog who achieved the American dream. Now the Fox Business Host is sharing all his investing wisdom with you on Charles Payne's unstoppable prosperity podcast. Hey folks, my next guest says that we're in the second or third inning of the AI investment. But it did get ahead of itself. And he's got an investing approach that can mitigate the pain that comes with the volatility

1:03that we've all seen recently. Let's bring in Michael Lansberg, a CIO of Lansberg, Ben and Private Wealth. So Michael, your thing is about rebalancing your portfolio. You typically do it in January and June. Obviously, people did that this year. Some of them were more recent paying than they would have been able to escape. And part of it is we want to only stock longer term, but they do get ahead of themselves. It also forces you to buy lower. I mean, we all have been taught, you know, sell high by low. The problem is nobody does that. That's why people like me have a job. But the idea is rebalancing forces you to take some money off the things that are running hot and adding the things that are a little bit behind. How do you do it, though? Do you say, okay, I do do you do it? I know folks who say, I don't want any stock to be more than like, let's say 10, 15% in the portfolio. You buy it at eight, but it goes up so much that it's now 15% to you. To head you back down to 8%, is there a formula for it? We are formula is we have a certain like a model portfolio, if you will. Let's say in the video is 5% of the portfolio, it gets to seven. We're going to turn it back to five in a year like 2022 and it got down to three and a half. We're going to buy it and move it back up to five.

2:04So it's not always about trimming. It's about adding to opportunistic holdings. And it keeps you disciplined. Absolutely. Yeah, it's, it's, I mean, that's part of an important part of the game. I saw also you notes that you like commodities. Now, commodities have had a pretty good run. How much will we put in then like, for instance, CRB is through the roof right now? I mean, part of the issue is when we look at client, when people come to us, they have no exposure to this asset class. CRB index up 40% this year. That sounds like NASDAQ returns. The last time it was this good was 2022 and we also had high inflation. So people should have some of these kind of in the portfolio to some extent to give you some flexibility away from bad equity markets. Here's the report. Oh, thanks, Jane. I wish I could hire someone just like you. Try LinkedIn Hiring Pro. It's more than a job board. It's like the recruiter you always wish to have. Hiring Pro uses real-time insights to match your role to LinkedIn's unique network of professionals and delivers a short list of best-fit candidates. You'll spend less time sorting applicants and more time talking to the right people. Let's do it. You're a replaceable, Jane, but another you would be great.

3:06Hire right the first time. Post your job for free on LinkedIn today at LinkedIn.com slash quality. Speaking of which, thematic diversification. This is something that you're big on as well. Some of the themes are going on out there aging. You put fattening, but I would have put slimming down. You're looking amazing. The unsafe world and the youth health kick, I think this is something, right? We see videos of college kids. They don't go to bars anymore, right? The drinking is this weak juice and outside stretching. And I think part of that is AI is the big theme for most people. Another point is you got to have some money in different themes. Diversification should be somatic. Not you adding a utility or an industrial that happens to be an AI play. How do you find these names? Like someone watching a show. How would they say, okay, I want to find me a good aging stock. Part of the aging is if you do the research, you're going to find out people living longer, what does that mean? They're going to be in nursing homes a little longer. They may have drugs or taking a little bit longer. They may be able to get near, hip-rop, those are the kind of things in that space that

4:07you may want to look at because they're going to be able to do it longer. The good news though is the youth, when they live longer, they don't have to worry about the hips, right? They're doing it right. Right now everyone else is just like, okay, we'll live longer but we still got to pay for past sins. Let's talk quickly about a couple of stocks because I saw Casey on your list. Earlier this week I had a Casey guy. Of course, this was an unstoppable stock. People love it. The execution's great, but they missed. And it was a pretty big mess and a stock took a heck of a beating. 875 to less than 600. This is a nice spot to own. That's why it's attractive. And the miss was more a matter of, they're going to spend money inside. The store is making more kitchen products. I mean, they only make about 10% margining gas. It's 60% of the... So it's so expensive though. Yeah, so you want to put more ovens and things in all these places to be able to get that 60% margin. So we like it here as an attractive part. I don't like to come to the show and bring you things at 52 or high. Right. Because it's like, well, great. I missed the booth. Real quick too, biking. Another one, biking cruises. Just been on fire. It's pulled back here recently. Take advantage of it. The oil prices have gone up and they've got a problem obviously with some flooding or lack of flying, no water in Europe.

5:08This is a great stock. Consumer loyalty through the world. And you're a biking customer. You're always a biking customer. Yeah. Get me. Good stuff, Mike. I always like you can work. You're out of the box. Thank you very much. Thank you very much. I appreciate it. You've been listening to the Charles Payne's Unstoppable Prosperity Podcast. Make sure you subscribe to this series and don't forget to rate and review. And keep listening so I can help put you on the path to unstoppable prosperity now. Imagine a left brain and a right brain got together and came up with an incredible banking solution. The innovative minds at Silicon Valley Bank and the pragmatic ones at First Citizens Bank have put their heads together so they can deliver solutions tailored to your unique financial needs. You want deep innovation insights paired with the financial power of a top 20 US bank? Now, you can have it. Silicon Valley Bank and First Citizens Bank. It's the best of bank worlds.