March 28, 2024

Wealth Management

Opportunities in Uncertain Times

A depressed stock market holds profits for investors who can overcome their fears.

Barbara Miracle | 10/1/2008

 Taking regular losses and gains gives you the opportunity to buy quality companies at reasonable prices.

L. Scott Merritt L. Scott Merritt
National City Private Client Group

Senior investment officer and vice president, Sarasota

Assets under management: $2 billion (Florida)

Minimum investment: $500,000 (emerging affluent) to $1 million

What he likes: Large-cap U.S. stocks, particularly in the industrials, materials and energy sectors. Merritt likes a basket of industrials and materials that will benefit as communities build and rebuild infrastructure. He’s a fan of the oil sector and sees utilities as a way to realize both appreciation and income.

What he doesn’t like: Telecom services, financials, healthcare and consumer discretionary stocks. He is less bullish on small-cap stocks and the international arena.

Tax strategy: Although his focus is long-term investing, Merritt says it is important to consider taking losses and possibly gains on a regular basis.

Tags: Banking & Finance

Florida Business News

Florida News Releases

Florida Trend Video Pick

Bitter-to-swallow cocoa costs force chocolate shops to raise prices
Bitter-to-swallow cocoa costs force chocolate shops to raise prices

Central Floirda chocolate shops are left with a bitter taste as cocoa prices hit an all-time high earlier this week.

Video Picks | Viewpoints@FloridaTrend

Ballot Box

Should Congress ban the popular social media app TikTok in the U.S.?

  • Yes
  • No
  • Need more details
  • What is TikTok?
  • Other (Comment below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2024 Trend Magazines Inc. All rights reserved.