Advisors

Investors are rightfully worried about volatility.

After stocks slumped in September, markets have had a strong start to the month and are now on track to notch the biggest two-day rally since March 2020.

The key to navigating the recent ups and downs is “buying high quality stocks that pay dividends that tend to be a lot more stable during environments like this,” said George Farra, the co-founder and principal of Woodley Farra Manion, which ranked No. 1 on CNBC’s list of the top 100 financial advisors in the U.S. for 2022.

More from FA 100:

On CNBC’s ”Halftime Report,” Farra said he still favors a portfolio heavily weighted toward equities, even as other investors have shown renewed interest in a 60/40 investment strategy.

“Keeping as much as your portfolio in stocks as possible is a long-term winner,” he said. “Your prospects for reaching your goals in retirement are improved.”

His current top stock picks: Property/casualty insurance companies, including Chubb, Progressive and Arthur J. Gallagher.

“These three firms are really well positioned,” he said, and stand to perform well as the country recovers from Hurricane Ian.

Woodley Farra Manion has $1.4 billion under management and roughly 1,000 clients.

Articles You May Like

‘Seeing through debt-colored glasses.’ Author details main character being trapped in credit card debt
It’s time to boost 401(k) plan contributions for 2025 — here’s how much more you can save
GM, Ford report best annual U.S. sales since 2019
Tesla shares slide after it reports first drop in annual deliveries
Top Wall Street analysts suggest these stocks with attractive upside potential