October 30, 2007
While sometimes not in the habit of advising individual investors, the money managers we speak to weekly do occasionally give us here at TWST a few words of wisdom about the current investment environment:
- Daniel Bandi, CIO in Value Equities at Integrity Asset Management: “I’d never advise somebdoy to have all their money in small cap value or all their money in large cap grwoth, but you need to pick an allocation that gets you fairly well diversified and stick with it through the good times and the bad.”
- Paul Gardner, Portfolio Manager for equity and fixed income with Avenue Asset Managemeent: “Be careful. We’ve had a big run in the last number of years. Have some cash on the sidelines. The commodity boom has played itself out quite nicely. I would think that generally buying good companies over the long term would help you the most.”
- Jerome Bruni, founder and president, J.V Bruni & Co: Rising inflation is always a risk, although I don’t foresee it becoming a sigificant one at the present. The economy will go through recession from time to time, but that is not a significant long term risk…Well-intentioned but poorly designed government policies are always a potential risk…In addition, political efforts to commit the country to programs that are difficult to fit without our national financial means represent another risk.”
For our full investment strategies report, complete with more market advice and stock picks, click here.
