Wall Street ended its worst year since 2008.
The major indices in 2022 experienced significant declines as the Nasdaq fell more than 30% and the S&P 500 fell almost 20%.
With markets looking tough, investors may be feeling unsure about where to put their money in the new year 2023.
Market and New Year holidays
Dan Lokert, a professor of finance at the University of San Diego, joined “Fox & Friends” on Monday to share his top tips for financial success in the new year.
Roccato first said investing in Treasury bills is “easy” at the moment.
“If you have some surplus cash and you can earn 4.5% or more in the short term with virtually no risk, I would say it’s tax-free for most people. That’s what we should all be doing.
S&P 500 Laps Worst Year Since 2008
Investors should consider adding “recession-proof” stocks like Pfizer and Walmart to their portfolios, Lockert said, but he doesn’t specifically endorse individual stocks. It revealed that.
Roccato also mentioned companies with big cash flows such as Apple, Chevron and Verizon, as well as non-US stocks such as BP and Nestle.
“You would want to own a lot of cash-generating businesses to pay dividends,” he said.
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“So if we’re heading into a recession, which certainly feels that way to a lot of people, they’re the names you want to own.
Roccato explained that he likes to use a “barbell strategy” to maintain a diverse and balanced portfolio.
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“On one side of the barbell are risk assets like stocks,” he said.
“On the other side of the barbell,” he added. [investments that] Please help me get through the tough times. ”