Brian Frank, chief investment officer of Frank Funds, discusses the prospects for the US economy, Federal Reserve policy, the implications for financial markets and the opportunities he sees. He speaks with Haidi Stroud-Watts and on "Bloomberg Daybreak: Asia." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ...(read more)
BREAKING: Recession News
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In uncertain economic times, investors should focus on assets that are resilient to a recession. This is the advice of Frank Funds Chief Investment Officer (CIO) Julie Frank. During a recent interview, Frank highlighted several areas where investors should consider putting their money during a recession. One such area is utilities. While the demand for many products and services declines during an economic downturn, the demand for utilities remains relatively stable. This makes them a good investment option during a recession. In addition, utility companies often pay dividends, which provide investors with a regular income stream. Another area to consider during a recession is healthcare. This is because people will always need medical care, regardless of the state of the economy. Therefore, healthcare stocks can be a good investment option during economic downturns. However, Frank warned that investors should be cautious when investing in healthcare stocks, as the industry can be volatile due to changes in government policy and regulation. Consumer staples are another recession-resistant asset class. These are goods that people need on a daily basis, like food, toiletries, and household supplies. Even during a recession, people still need to purchase these staples, making these stocks a good investment option. Consumer staples also tend to have strong brand names, which makes them less likely to be impacted by economic changes. Finally, Frank recommends investing in technology. While some technology stocks may struggle during a recession, others may prosper. This is because companies are increasingly relying on technology to drive their businesses forward. Therefore, any technology stocks that enable businesses to operate more efficiently or cost-effectively will likely perform well during a recession. In summary, Frank's advice is for investors to focus on assets that are resilient to a recession. This includes utilities, healthcare, consumer staples, and technology stocks. By investing in these recession-resistant assets, investors can reduce their risk and potentially generate strong returns, even during an economic downturn. However, it is important to note that no investment is completely recession-proof, and investors should always conduct their own due diligence before investing. https://inflationprotection.org/rewrite-this-title-looking-at-recession-resistant-assets-frank-funds-cio-says/?feed_id=92100&_unique_id=644b17bb17bc1 #Inflation #Retirement #GoldIRA #Wealth #Investing #Bloomberg #RecessionNews #Bloomberg
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