Six experts offer timely ideas on the best places to put your money in today’s volatile markets.
Earnings season has so far delivered better-than-expected results from some big names, and the broad US market has gained since hitting a low in mid-June.
That rally picked up steam last week after Federal Reserve Chair Jerome Powell said it might be appropriate to slow the pace of interest-rate hikes at some point, and said he doesn’t believe the US is currently in a recession.
It’s not easy to figure out where to put your money in this fast-changing environment, so we asked six wealth advisers and strategists where they would invest $100,000 right now. They didn’t always agree about their recommendations
- — which range from food security to genomics companies, from the small-cap sector to mega-cap technology plays
- — but they all concur that there are attractive opportunities in the current market.
When the experts were asked where they might personally invest a six-figure sum in something they’re passionate about, half of them said they want to travel
- — perhaps showing the pent-up pandemic demand for experiences. Other ideas ranged from bronze sculptures for their garden to agricultural ventures in Antigua.
For those interested in using exchange-traded funds to mimic the themes suggested by the experts, Bloomberg Intelligence’s senior ETF analyst Eric Balchunas shares his take on suitable proxies.
Before venturing into the markets, be sure that you have enough money in liquid investments so that you can ride out any prolonged downcycle in the economy and the stock market
without needing to sell at a loss. Take a look at “The 7 Habits of Highly Effective Investors” to see if you can check off all the boxes.
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