Reported 8 months ago
Richard Tse, Chief Investment Officer of Zhadabank North Asia, mentioned on June 19, 2024, that the markets are at historical highs, with the US stock market hovering, and the Hong Kong market showing a technical bull run, up more than 20% from its low point in January. However, he advises being prepared for rainy days even amidst such good times. Rebalancing investment portfolios and creating an all-weather portfolio across asset classes can help protect wealth from potential volatility and market sell-offs. Various factors like tight monetary policies, geopolitical tensions, and unexpected events contribute to market volatility, and recent events related to geopolitical tensions and concerns about monetary policy tightening have caused market jitters. Gold and energy stocks are suggested as inflation-resistant assets. In times of economic uncertainty, a diversified investment portfolio is crucial for long-term success.
Source: YAHOO