This week I’m covering my outlook for the economy and markets in 2023.

So far this week, we’ve recapped 2022, and talked about the outlook for the economy, stock, and bond markets in 2023. 

Now let’s turn to opportunities that exist today. Even though I think the economy will deteriorate this year and bring down the stock market further with it, that doesn’t mean there aren’t opportunities to invest. In fact, the best investment opportunities exist during periods of turmoil, as long as you have the courage and fortitude to see those opportunities and take advantage of them. 

With that in mind, here are a few key areas of opportunity I see in 2023:

• Increasing allocations to high-quality dividend growth stocks. Growth stocks have dominated the landscape for years, but with rising interest rates, their earnings are less valuable. Value and rising dividend stocks tend to perform better than growth stocks in a rising interest rate environment. Consequently, we have been adding to these areas as opportunities present themselves. 
• I mentioned this yesterday, but it’s worth covering again: Increasing allocations to high-quality dividend growth stocks. Growth stocks have dominated the landscape for years, but with rising interest rates, their earnings are less valuable. Value and rising dividend stocks tend to perform better than growth stocks in a rising interest rate environment. Consequently, we have been adding to these areas as opportunities present themselves. 
• If you have cash, I would not sit on it, but I would invest it (not all at once) but gradually over the course of this year. Earlier this week, I quoted Warren Buffett, who said: “The best chance to deploy capital is when things are going down.” You are just going to have to be more selective and avoid the lower quality and highly speculative pockets of the markets if you want to profit from the current environment. 

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.   

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