U.S. Stocks will rise around 8% in the coming year and investors are best off in domestic industrial stocks for the time being, says Rex Macey, Chief Investment Officer at Wilmington Trust. That said, investors should rotate their equity holdings into developed foreign markets over the course of the next few years since they remain cheaper than the U.S. on a relative basis. As for bonds, Macey is a fan of floating rate notes and municipal bonds for high net worth individuals as tax rates continue to rise.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

If you liked this article you might like

Shark Tank Star Kevin O'Leary Is Trying to Solve America's Retirement Crisis

Preet Bharara, Formerly Wall Street's Top Cop, Turns to Comedy, Podcasting

The 12 Most Ridiculous Kitchen Appliances You Can Buy From Amazon