$IWM (small caps on Russell 2000)
Yahoo headline: Warren Buffett recommends low-cost index funds for most people — but BofA says the S&P 500 is the ‘worst thing to hold’ right now. Buy these 4 top sectors to avoid confusion
Tue, September 20, 2022 at 8:00 AM·4 min read
“The S&P 500 right now is expensive — it’s super crowded. It’s the most crowded ticker in the world if you think about it from an index perspective.”
She still likes Buffett’s approach for the long-term. But adds that investors have different time horizons.
“If you’ve got a 10-year time horizon, hold the S&P 500 and watch and wait,” she recommends. “But if you’re thinking about what’s going to happen between now and let’s say the next 12 months, I don’t think the bottom is in.”
Of course, that doesn’t mean you should completely bail on stocks. Here’s a look at what Subramanian still likes in today’s market.