SAN FRANCISCO: What do cryptocurrency, Alphabet and Walt Disney have in common? They’re all top investment picks for the next 10 years, according to Wall Street strategists surveyed by Reuters.
As a decade dominated on the US stock exchange by Netflix, Apple, and other technology stocks comes to an end, Reuters asked portfolio managers and other investment experts two questions: What is your top overall investment theme for the next 10 years, and what one stock would you buy and then hold until 2030?
Of the strategists and portfolio managers willing to venture such long-term calls, Walt Disney and Google-owner Alphabet were popular picks.
Below are highlights of the recommendations:
Kim Caughey chief investment officer of Bokeh Capital Partners: “Investing into 5G is something that we are doing, looking into a technology that will take years to roll out and will change the way we live. It’s a world-wide technology event too.”
The company’s top pick is Microsoft as growth will be driven by customers continuing to move to its cloud platform.
Jim Bianco, head of Bianco Cryptocurrency: “Cryptocurrency could eventually challenge the dollar as a reserve crypto but such currency does not yet exist.”
He said the S&P 500 Index ETF has shown, over the past decade, that “we are in the twilight of the of stock-picking era.”
“I can buy the S&P and outperform all the high-paid fund managers.”
Jim Besaw, chief investment officer at GenTrust: “We believe that carbon allowances could outpace stocks and bonds, due to how they are regulated and the supply of these allowances may shrink dramatically over the next decade to meet government carbon reduction mandates, increasing the likelihood of a price spike.”
Tim Ghriskey, chief investment officer of Inverness Council: “Alphabet points to ongoing strength of the advertising business, plus opportunities in autonomous cars, healthcare and cloud computing.”
Nancy Tengler, chief investment officer of Tengler Wealth Management: “With bond yields at historically low levels and on the heels of a 35-year bull market in traditional bonds, convertible securities provide an attractive income-adjusted return alternative.” Palo Alto Networks’ dominant position in network security will drive growth as companies invest more in cyber security, according to Tengler. — Reuters
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