Even if the market comeback runs into trouble, IHT Wealth Management's Yussef Gheriani believes it's not a bad time to look for entry points."I don't necessarily think the worst is over," the director of investments told CNBC's "" on Wednesday. "There's just a lot of uncertainty out there both between Covid, the stimulus packages, the election itself and there's also still significant trade uncertainty between us and China ...
Gheriani, who helps oversee almost $5 billion in assets, sees pockets of opportunities in some of 2020's hardest hit groups such as airlines. But the key is to buy and hold for at least 12 to 24 months. "They're definitely starting to perform a little bit better, and that's because people are waking up to the fact that in six months, a year from now, we're going to be back to normal," he said. "If not completely back to normal, we're going to be getting there."because his expectation is people will get inoculated with a coronavirus vaccine by next summer.
"You're going to have air travel picking back up, and we're going to be focusing at 2022 earnings, 2023 earnings," said Gheriani. "We think those look a lot better."
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