Bank of America shares investing advice for post-coronavirus markets - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

In an exclusive interview, Chris Hyzy shared new habits investors must adopt as the coroanvirus upends markets.

Financial markets will also not be the same on the other side, according to Chris Hyzy, the chief investment officer of Merrill and Bank of America Private Bank, which collectively manage $2.7 trillion in assets. since the Great Depression and steep earnings declines are confirming their worst fears.He expects pent-up demand to be relieved soon afterwards during 2021 as life returns towards normal.

"A whole slew of new behaviors are going to be here for a really long period of time," Hyzy told Business Insider in an exclusive interview. "What does that do to consumer spending, corporate confidence, etc? That's the key question in what we call the new frontier." Pending the definitive answers to that question, Hyzy recommends three changes investors should make in order to thrive in the so-called new frontier.Prior to this crisis, the emphasis was on allocating to different asset classes based on one's investing goals. But moving forward, the nitty-gritty of each topline investment in a portfolio will be more crucial, according to Hyzy.

Within stocks, it will be extremely important to buy "iconic brands" that people trust and latch onto, Hyzy said. He added that companies that pay or grow their dividends and rely less on stock buybacks will be critical. This is simply because the bond market is not producing the kind of cashflows for investors that it once did.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How's BAC trading today?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves in the premarket: Goldman Sachs, Bank of America, Tesla, Target & moreThe stocks making the biggest moves in premarket trading also include Procter & Gamble, Canada Goose and UnitedHealth Group. I like how Trump isn't aloud to talk until the markets close. Keep selling you permabull charlatans The peak of infection is soon May be over Like Forest Gump In the storm Buy cheap stocks Wait for the infection to end
Source: CNBC - 🏆 12. / 72 Read more »