'Once in a decade' opportunity: Financial experts' advice for investing in the market downturn. (via CNBCMakeIt)
. While Samuel Rhee, chief investment officer at financial advisory Endowus, says much still hinges on the U.S.'s policy response."Long-term returns are birthed in the depths of such dire circumstances. It is a once in a decade type opportunity," said Rhee.For those already with interests in the market, that means holding your nerve and continuing your contributions. For those on the outside, that means getting started while assets look undervalued.
"No one knows for sure when we will hit the bottom in this current situation, but we believe that staying invested and disciplined pays off," said Arora, advocating a diversified portfolio of stocks, bonds and other asset classes.While stocks have taken a pummeling in recent weeks amid the coronavirus-induced uncertainty, advisors CNBC Make It spoke to agreed they still present a compelling investment option — especially as many are now trading below their true value.
"It is always possible that there will be even better entry points in the coming weeks as the crisis unfolds," said Brice.Bonds, or fixed-income assets, meanwhile look like an attractive hedge to stock market volatility, advisors said. That's because the return they offer is inversely correlated with interest rates: When interest rates fall — as they have done globally following several central bank cuts — bond yields go up.
Gold in particular could be a good pick, said Rhee, as it provides a hedge against the U.S. dollar. However, as a "zero yielding asset class," allocation to the precious metal should be kept small, he said.In terms of specific geographies, advisors noted that Asia — initially at the forefront of the outbreak — looks poised to recover first.
One of the simplest entry routes for new investors may be via a digital wealth manager or passively managed index funds. In doing so, investors should focus on their long-term goals, rather than immediate financial needs.
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