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Start Buying Asian Stocks

The Dow Jones Industrial Average and the S&P 500 have slumped more than 30 percent over the past year, and many indices across the globe are suffering the same sorry fate. The beatings have created what some pundits call a once-in-a-lifetime opportunity to scoop up stocks on the cheap.

Among those who advocate moving into equities now is Sani Hamid, director of wealth management at Financial Alliance. Sani, who is expecting markets to pick up later this year, recommends using dollar cost averaging over the next 12 months to mitigate risks, rather than to steer clear of stocks totally.

"Economically it is going to be one of the worst years we’ve seen in decades. But if you look back in history, it is always in the worst year that you get the markets finding a bottom, " he says on CNBC Asia Pacific's "Protect Your Wealth". "12 months later, 24 months later, the economic recovery will come."

Sani counts India, China and Singapore among his favourites, as he explains: "We don't expect markets, for example, the STI (Straits Times Index) to rally back to 3,000. But we do expect a decent rally between later this year and early next year, probably about a 30-50 percent retracement."

The India story, Sani says, remains positive as its economy is largely powered by domestic demand and it will continue to grow despite a lack of demand for its exports.

"The pre-crisis period has given us a glimpse of what we can expect from China and India in the future. We are bias towards Asia (as) we see Asia as the place to be in the next 10-20 years," he concludes.

Comments? Questions? Send them in here.


Catch "Protect Your Wealth" on CNBC's Asia Pacific network every Tuesday on "CNBC's Cash Flow," Wednesday on "Asia Squawk Box" and Thursday on "Capital Connection."