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Zacks Investment Research’s Jared Levy argues stocks are still where investors should put their money.
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Thousand dollars to put to work today where would you put it stocks bonds gold real estate would you put -- under the mattress.
That's a very question we'll put my next guest -- Levy senior equity strategist for Zacks investment research.
Great to CEO and I got this would be a -- question for you because a lot of people are asking about some money to put to work what do -- do with that what's your answer -- Real simple I've got actually for parts of this so 3000 and I want to come right.
Got a big -- and people all day old my friend I -- -- plane only a question on come online to look at really what asset.
Last would you choose if -- had the picture here's the deal and it.
And I had to pick just one it would be stocks you know over the long haul stocks have afforded more people wealth than any other asset in the world stocks and real staters from the smartest place as a middle class kid from Philadelphia.
Stocks would have given me the life that shares Ed it'd give -- the life and I look forward now.
And again I'm not.
I got out my criteria I think you know a lot of people out there -- look back at what's happened over the last few years let me give you some examples.
2008 stock's down 37% that's ES and 500.
2002 down 22%.
Since 2000 -- been four years when stocks have had dramatically.
Negative returns and I'm not just talking down 2% or 3%.
We're talking double digit losses what do you say to those people if you really want them to invest in stocks now -- I -- tell yes they got big questions.
Two things if it's if if you're talking about our anybody's talking about how the markets falling apart that's the time -- the Smart money.
Goes in and buys -- at the time -- -- volume by the other thing is.
You've got to have a psychological grasp on what it is you're doing if you can't handle a 30% draw down because it's gonna come.
Then you should not be investing or did you give you -- -- -- money manager you know hello and I answer right.
I -- -- about a lot of financial advisors these days they're telling people who are already in retirement to put a lot of their money down on stocks now.
I just I think a lot of people just don't have the stomach for it so.
The other thing I sort of like right now bar you know hard assets late and and and.
Actually buying the physical asset like buying gold buying silver again I know it's sort of -- -- has been talking about it but nobody actually goes and buys a hard assets those are important.
I also like renewable resources like reits like lumber reits a company like PC -- it's -- stock but it's a little bit different.
Does know the volatility Jerry -- lot of regular stocks do.
And again real estate right now is right.
Especially -- looking at like a small condominium in a dense urban area you know we could pick up for a 100000 get yourself 12100 dollars an income per month.
And what -- you don't you write this -- just this week we had national median existing home prices up seven point 9% actions last week.
282000.
Lot of people out there are now calling the bottom do you buy that we've had a lot of calls for real estate to rebound.
And nobody's been right what do you say.
I don't think we've reached the bottom just yet -- -- and if you're talking on average I think that we're gonna sort of bounce around.
Here's the deal just get Smart look around you look around your area if yours deteriorating you see more more homes up for sale.
You probably not near bottom if you're an area like Dallas friend since we've we've enjoyed a sort of a great.
You know real estate market and you start to see house is moving away.
And -- are moving off the market getting bought the maybe it's the right time look around look out your door that's you're gonna find the best opportunities invest in what you know.
One stock idea if he had to pick one out of your list what would -- -- Who this is -- a look at data my little -- yeah chaebol here's.
One here's one just -- that a lot he called it a lot just one just for you Jack.
One that a lot of folks are talking about it's called Westport innovations WP RT is the symbol.
There all about natural gas and more importantly they convert.
Traditional fuel.
You know engines into natural gas engines and I think natural gas and -- -- part.
Of the coming years.
-- so very I wonder they're getting federal dollars.
I.
Felt this company yeah everywhere else solar did it.
Gerri thanks for coming on -- really appreciate your help.
Thanks --
