He would not buy airlines now. There is price competition that makes things tough. It has become very volatile. He would prefer others if you had to be in airlines.

You want to focus your portfolio on leadership. He likes healthcare late cycle. These tend to have a higher cap. This is the largest diversified exposure in his portfolio.

Their real estate exposure is US: Industrial, healthcare, office and digital data centers. He prefers this one because it has a bigger share of the specialized REIT sector.

Mid–stream and pipes. He thinks oil will be higher in 12 months. Pipelines capacity is constrained. Global growth continues. They have pricing power. You need oil to work.

Generally speaking it is good to get into names like this at this stage of the cycle. Trading at 20 times future earnings. Growth is light. Dividend is about 2.2%. E-commerce initiatives are improving. Longer term there is a demographic challenge for them adjusting to the millennial purchasing preferences.

Looks very strong. The technical strength is strong. PEG ratio is 1.4. Likes it. Longer term, 1 year, 24 months this is a good place to be.

Buying a basket of European stocks. Europe is not a space he likes. 1.5% annualized growth for the next couple of years. He prefers a similar covered call strategy but with US based companies.