Now is the time for long-term investors to jump in and build a portfolio of recognizable, brand-name companies, Robert Pavlik Chief Investment Officer Oaktree Asset Management told CNBC.
"If you want to be investing in stocks and you want to be participating… you want to take a look at healthcare and consumer staples," Pavlik told "Worldwide Exchange."
In healthcare, Pavlik likes Johnson & Johnson and Celgene, and in consumer staples, Procter & Gamble and Colgate-Palmolive.
In the energy sector, investors could look at ExxonMobil, in financials Bank of America and Citigroup look attractive while IBM, Hewlett-Packard and Apple are good picks among technology stocks, he said.
"You do it a little bit at a time and if the prices are falling you buy a little bit more. You don't have to rush in but, for the long-term investor, you want to get in and you want to stay in," Pavlik concluded.
Disclosure information was not available for Pavlik or for his company.