NewsChannel 13 talks with an expert about financial concerns amid conflict in the Middle East.
ALBANY, N.Y. (WNYT)- Concerns about investments and 401k plans are rising amid the Middle East conflict.
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Paolo La Pietra, a wealth advisor from Boucher Financial Group, discussed the situation. He said they are proactively reaching out to clients to address market uncertainties.
La Pietra emphasized the importance of long-term investment strategies, noting that current market volatility is not yet problematic.
La Pietra suggested that the current market situation might present opportunities. He advised having a diversified portfolio and contributing 10 to 15% of one’s salary to a 401k.
He also recommended having two years’ worth of cash set aside to avoid selling investments at a loss during volatile times.
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La Pietra highlighted the AI space, particularly hardware like semiconductors, as an attractive investment area. He mentioned NVIDIA, ASML, and TMC as notable companies.
He encouraged investors to review and potentially modify their current holdings to take advantage of these opportunities.
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