Depending on your perspective as an investor, 2022 has either been a perfect storm or a perfect opportunity.
The Federal Reserve’s rapid increase in interest rates and other tightening moves to fight inflation have pushed stock and bond prices significantly lower. If you lose sleep over short-term declines, it has been a terrible year. But if you are continually pouring money into the market to build a long-term nest egg, you have been paying lower prices, possibly setting up better performance down the road.
Alger is based in New York and has $26 billion in assets under management. Adams manages the $265 million Alger Growth & Income Fund AGIZX , which is rated five stars for its Class Z shares by Morningstar, within the financial-information firm’s “Large Blend” category. There is more about the fund’s performance below.
The Alger Growth & Income Fund doesn’t limit itself to stocks of companies that pay dividends, but Adams explained that one of his objectives is to run a portfolio with an aggregate dividend yield that is about 1.4 times the S&P 500’s SPX weighted dividend yield, which is 1.76%, according to FactSet.
Home Depot has taken a 23% tumble this year as rising interest rates have caused the U.S. housing market to fizzle. “It will be a tougher environment for Home Depot, but given the pullback for the stock, we see reasonable upside,” Adams said. He added that people will continue to spend to maintain or upgrade their homes.
Commodity buying like investment rising means anyone will want to chase high prices, cryptocurrencies and stocks 🚬🚬🚬
Ought oh. Cash is back 🤣🤣