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Wealth Management
Opportunities in Uncertain Times
A depressed stock market holds profits for investors who can overcome their fears.
The biggest thing that has to change is that housing prices have to stabilize. 
Susan S. Spraker
Spraker Wealth Management
Founder and president, Maitland
Assets under management: $50 million
Minimum investment: $500,000
What she likes: Financials, global real estate funds and small-cap exchange-traded funds. Spraker says that strong regional or national banks or brokerage firms are attractive, particularly those that pay high dividends though she warns that there’s always a risk that the dividend could be cut. Global REITs that focus on commercial or industrial real estate give exposure to U.S. and international markets. Small-cap stocks were the first to drop and will be the first to come back, says Spraker.
What she doesn’t like: “I’m staying away from buying energy, gold and commodities.”
Tax strategy: “Municipal bonds are attractive, and they will be increasingly attractive,” says Spraker, who adds that it is a good idea to buy individual issues rather than a fund.
