Fred Hubler Jr., the President and Chief Wealth Strategist of Phoenixville-based Creative Capital Wealth Management Group, is among the growing number of advisers who believe that now is a good time to consider alternative investments, writes Cheryl Winokur Munk for The Wall Street Journal.
Two main reasons are being cited by financial advisors who view this an opportune time for deals and diversification.
First, the current crisis is creating opportunities that are particularly well-suited for those with money, such as private equity. Second, due to disruptions in the stock and bond markets, now is an opportune time to diversify one’s holdings.
Some advisors are also recommending that investors who meet the high net worth qualification and are not averse to risk should apportion between 15 percent and 35 percent of their portfolios into alternatives, such as private equity and real estate and private debt.
“People think the stock market is a gigantic ocean and it’s really a six-inch-deep lake,” said Hubler.
Therefore, if you’re planning to diversify, you “have to fish at a different lake,” he said.
Read more about Creative Capital Wealth Management Group in The Wall Street Journal here.
Image of Fred Hubler via Brian Miller, Chorus Photography
