More and more analysts are jumping on the “market bottom is here” train, saying the data suggests that, while the U.S. economy and stock market still have a ways to go for a recovery, at least they no longer appear to be in freefall.
Doug Lockwood, a CFP and principal at Harbor Lights Financial Group, recommends buying the S&P 500. This environment is still too precarious to buy up individual positions, he says, but the market is cheap enough that buying a low cost mutual fund or ETFs is an inexpensive, relatively low-risk way to ride the market higher.
Julie Casserly, founder and president of JMC Wealth Management, is advising her clients to invest in non-publicly traded REITs or real estate limited partnerships that have good positive cash flow and low leverage. As the Fed prints money, inflation is going to become more of a reality, she says, and hard assets like real estate will be a way to hedge against it.