The three major indexes (^GSPC, ^DJI, ^IXIC) have hit record highs during the last six months. That means mutual funds and ETFs that track those indexes have also seen success. For investors, the question may be: is it time to jump into those assets, or is there a danger of buying in at these levels?
Ameriprise Financial private wealth advisor Nancy Daoud joins Catalysts to give insight into how investors should manage their portfolios when it comes to mutual funds and ETFs that track the broader market.
Daoud begins with: “It’s very important to really take a deep breath and sit back and evaluate, where am I today? Where do I want to be? And how long am I in it for? And of course, a very important part of this is what’s my stomach lining or appetite for risk? Because if you’re really going to be in ETFs mirroring the S&P and technology, you’re going to be on a roller coaster ride for the most part.”
As for her outlook, Daoud says, “Inflation is cooling, [in] both US and Europe. And, so that’s some good news. Earnings look strong. The consumer confidence is fairly strong. There’s still a lot more spending than money coming in, unfortunately, so that’s a concern, but I think that that it’s really more of the same.”
For more expert insight and the latest market action, click here to watch this full episode of Catalysts,
This post was written by Nicholas Jacobino