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Technology and textiles offer some unique opportunities for investors under 30 -- the demographic known as "Generation Y" -- according to Romeo Dator of U.S. Global Investors.
The co-manager of the All American Equity Fund gave CNBC some likely picks for the laid-back, tech-savvy set: Buy what they know.
"I think (they) should look at this as an opportunity to buy after a sell-off, because I think (they) have a very long time horizon," he said of the current market environment. "We're starting to see very attractive valuations."
Recommendations:
Topping his list is Apple [AAPL
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"You have a group of people with Generation Y who have grown up using Apple products -- the iPod, the Macintosh computer or the iPhone -- and I think they'll be fairly loyal to Apple; I think they'll continue to introduce very good products that they want to use," he explained.
Near-term, Dator notes that the newest-generation iPhone is to be introduced on Friday.
He also likes videogame retailer GameStop [GME
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"You're not going to be downloading games, because they're just so big, and we don't have the bandwidth to do a lot of that downloading, so I think videogame sales will still be fairly strong until we get that bandwidth built out, which I don't think will happen in the next five years," he said.
His third pick is premium jeans merchant True Religion [TRLG
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"Fashion is also very important to the Generation Y crowd, and I think that's the best pure denim play," he said. "Denim is still selling well at Bergdorf, Saks, and Nordstrom."
Disclosures:
Disclosure information was not immediately available for Romeo Dator or his fund.
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