Barry Schwartz's Top Picks: January 3, 2024
BNN Bloomberg
Top picks from Barry Schwartz, chief investment officer and portfolio manager, Baskin Wealth Management
FOCUS: North American large-cap stocks
MARKET OUTLOOK:
As it turns out, 2023 was a terrific year for stock market investors, and a very good one for investors in bonds. Who knew? Pretty much nobody. Forecasts a year ago showed that about 85 per cent of economists and professional analysts expected a recession in 2023, and the usual mediocre to bad returns that go along with an economic slowdown. Had you listened to the overwhelming majority opinion, you might have sold all your stocks and bonds and gone into cash or guaranteed investment certificates (GICs). You would have missed out. We don’t know what 2024 will bring but we do know that we will remain fully invested for our clients.
