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This interview was filmed on October 13, 2022.
It can be tough for investors to decide where to put their money in today’s tumultuous environment, but Mike Larson of MoneyShow believes safety should be the top consideration for market participants. He believes precious metals fulfill that role, as do “boring” stocks.
“Gold is outperforming many other asset classes,” he told the Investing News Network, noting that most people would rather have owned gold stocks this year than tech stocks. “(Gold) is still giving you some of that safety — (that) safety premium and safety insurance.”
When it comes to stocks to consider, he mentioned companies in sectors that don’t need a strong economy or raging growth to generate good earnings and revenue. These include consumer staples, utilities and healthcare.
#Investing #Gold #Silver
0:00 – Intro
1:02 – Fed has ammunition to hike 75 basis points
4:07 – What factors could weaken the US dollar?
8:06 – Safe investing with “boring” stocks, metals
12:14 – Catalyst for deploying cash into the market
14:57 – Knowing when to give up on a stock
16:31 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.