NEW YORK (Real Money) -- Building in the rate increase.

That is what this is all about, of course.

Given that we haven't had an interest rate increase in years, you have to figure that we get a little more hammered than we would otherwise. We will also have increased volatility.

Just 18% of this market actually benefits from a rate increase. But let's face it: The vast majority of the stocks that aren't bond market equivalents won't be affected.

The problem here, of course, is that so many people are worried about a rate increase that unless you buy the stocks that most benefit from it -- the banks -- then you are going to end up shedding gains every time the Wall Street Journal said that there will be an increase.

It would be really easy if we were down 3% or 4% from the high, but that is never the case with rate hikes.

So, adjust accordingly, as we are with Action Alerts PLUS, where we have to put cash to work in our underweighted financials because that is where all the action will be, right into the Federal Reserve meeting.

Editor's Note: This article was originally published at 9:57 a.m. EST on Real Money on March 6.