Jan 23, 2023
Oliver Pursche, senior vice president at Wealthspire, says he is tilting portfolios away from value and toward growth because investors have been willing to pay up for growth at times when there is no growth. As a result, with an economic slowdown being almost certain, Pursche is repositioning to take advantage of where the money is likely to go; he also sees opportunity in fixed-income and in the alternative income space, noting that yields have come up enough to be worth considering. Pursche notes in the Market Call, that despite the anticipated domestic slowdown, he is not turning to international investing right now. Also on the show, numismatics expert Bret Leifer talks about the market for collectible coins and whether it's performed in line with precious metals as inflation has returned in ways not seen in decades, Matt Brannon discusses a recent survey from Clever Real Estate showing that retirees saw their life savings decline by 10 percent in 2022 due to a mix of market losses and increased spending costs caused by inflation and, in The Danger Zone, David Trainer of New Constructs singles out a popular mutual fund that carries a five-star rating from Morningstar which he says actually has 57 percent of its assets in stocks that are unattractive or downright ugly.