Buyers are rightfully fearful about volatility.
After shares slumped in September, markets have had a powerful begin to the month and are actually on observe to notch the biggest two-day rally since March 2020.
The important thing to navigating the latest ups and downs is “shopping for top quality shares that pay dividends that are typically much more steady throughout environments like this,” mentioned George Farra, the co-founder and principal of Woodley Farra Manion, which ranked No. 1 on CNBC’s list of the top 100 financial advisors within the U.S. for 2022.
On CNBC’s “Halftime Report,” Farra mentioned he nonetheless favors a portfolio closely weighted towards equities, at the same time as different traders have proven renewed curiosity in a 60/40 investment strategy.
“Holding as a lot as your portfolio in shares as potential is a long-term winner,” he mentioned. “Your prospects for reaching your objectives in retirement are improved.”
His present high inventory picks: Property/casualty insurance coverage corporations, together with Chubb, Progressive and Arthur J. Gallagher.
“These three corporations are very well positioned,” he mentioned, and stand to carry out effectively because the nation recovers from Hurricane Ian.
Woodley Farra Manion has $1.4 billion beneath administration and roughly 1,000 shoppers.
