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2022 is over, and the Investing News Network is looking forward to 2023.
To kick off the new year, I asked five experts to share their best tips for resource investors over the next 12 months.
Read on to find out what they had to say.
4. David Morgan: Create balance in your portfolio
David Morgan of the Morgan Report encouraged each investor to figure out the right amount of precious metals for their portfolio. He sees a need for balance, but did say that in general he wouldn’t recommend any conventional assets right now.
3. Chris Vermeulen: Think twice before you buy and hold
Chris Vermeulen of TheTechnicalTraders.com is next, and he said that the “buy and hold” strategy will be risky for older investors in 2023. In his view, stepping out of the market could be a better option than staying in and potentially seeing major losses.
1. Rick Rule: Prepare for increased risk and higher volatility
Finally, resource sector veteran Rick Rule of Rule Investment Media said he sees a “substantial risk” of a recession in the next five years. With that in mind, he believes people need to prepare for increased risk and higher volatility.
Want more YouTube content? Check out our expert market commentary playlist, which features interviews with key figures in the resource space. If there’s someone you’d like to see us interview, please send an email to cmcleod@investingnews.com.
And don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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