Richard Bernstein on making money
In an interview with CNBC, prominent investor Richard Bernstein shared his views on global equity markets and how to make money in 2018. In the previous part, we saw that he advised investors to stay invested in the market as long as corporate earnings are accelerating.
Bernstein also said that the best way to make money in the market in 2018 is to watch fundamental factors. The global economy is showing synchronized growth. Major economies such as the United States (SPX-INDEX), Europe (N100-INDEX), Japan (EWJ), India (INDA), China (FXI) (YINN), and the United Kingdom (UKX-INDEX) are showing economic improvement. Consumer activity, which is an important measure of economic growth, is also improving gradually.
According to Bernstein, as long as fundamental factors are supportive and earnings are accelerating, investors should invest in global equity markets, and this will be key to making money in 2018. He is bullish about global equity markets and has remained overweight on gold miners, gold (GLD), and the materials sector (XLB). In the next part of this series, we’ll analyze Bernstein’s views on tax reform.