Here Are the Best Places to Invest Your Money In 2023
By Fox News
University of San Diego finance professor Dan Roccato joined “Fox & Friends” on Monday to share his best tips for financial success in the New Year.
Roccato first mentioned that investing in Treasury bills is a “no-brainer” right now.
“If you’ve got some excess cash, and you can earn 4.5% or more short-term with virtually no risk — state tax-free for most folks — that’s a no-brainer all of us should be doing,” he said.
Investors should look into adding “recession-resistant” stocks to their portfolios, such as Pfizer or Walmart, Roccato said, though he clarified that he is not specifically in the business of recommending individual stocks.
Roccato also referenced companies that have great cash flow such as Apple, Chevron and Verizon, as well as non-USA stocks such as BP and Nestle.
“You want to own businesses that generate lots of cash … to pay you dividends,” he said.
“So, if we are headed into a recession, which it sure feels like for a lot of folks, they’re the names you want to own.”
Roccato explained that he likes to use the “barbell strategy” to keep a diversified and balanced portfolio.
“On one side of the barbell, I’ve got risk assets like stocks,” he said.
“On the other side of the barbell,” he added, he’s got “rock solid [investments that] keep me going through the tough times.”
