It’s been a volatile week for markets, but what does that mean for your long-term investments? Tulane University Freeman School of Business finance professor Peter Ricchiuti joins Wealth! to break it down and what he’s teaching his students about the stock market.
Ricchiuti’s biggest piece of advice for investors is to "avoid the noise." He explains, "We’re long-term investors, and we’re mainly value buyers. And one of the things we try to push is that if a company does well, the business does well, the stock price will eventually follow."
He believes that now is the best time to be an individual investor, saying, "Commissions have dropped to zero. Information is so easy to get ahold of… We’re looking at applied AI, we’re not investing in AI companies. We tend to invest in a lot of meat-and-potato type companies. But what impact is it going to have on the companies? And one of the general things we believe is going to help earnings. And if you help earnings, you’re eventually going to help stock prices."
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