INVESTMENTS: Quality and diversity rule

The Times Board of Economists: Economic update from Don Nelson, investment associate Merrill Lynch Merrillville office
2012-10-21T00:00:00Z 2013-12-18T16:23:28Z INVESTMENTS: Quality and diversity ruleBy Keith Benman, (219) 933-3326

Even post-recession the traditional advice remains the best advice: stay diversified and stay with quality.

The stock market has done well again this year, with the Dow Jones Industrial Average up 9 percent. But external or macro events will dominate the market for the near future.

The economic slowdown in China, austerity in Europe, the threat of defaults by some European governments, the situation in the Middle East and U.S. tax policy will all be affecting markets.

"You have all those factors in play over the next few months," said Don Nelson, investment associate at Merrill Lynch's Merrillville office. "And we don't know how they will play out."

Even with those risks out there, many of the economy's fundamentals are doing well, including consumer confidence and retail sales. Jobs are being created steadily, but not at a fast enough pace to bring unemployment down substantially.

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