A Comment -- General Comments From an Expert (A Commentary)

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Hard to say if the markets have capitulated. The VIX has not spiked as in other times of crisis. Much of the uncertainty is gone with Fed rate hikes, corporate earnings being positive and inflation seeing a possible slow down. The war is the only uncertainty. Sentiment was exceptionally negative, now you can spend some money that was on the sidelines. Unlock Premium - Try 5i Free

Higher food and energy costs will erode growth and reduce consumer spending power. North American consumers can weather this better; our economies and jobs situations are currently good though. Europe is more vulnerable, given they rely on Russian energy. However, there will still be economic growth and she doesn't see a recession. We need to see how long this war goes. The jobs picture here is very strong. Hold quality and growth stocks, balanced and diverse, so you enjoy dividend increases to buffer rising interest rates. Look for strong balance sheets and pricing power.

Portfolio construction: has cash to invest There's no rush to jump into the market now. Identify income and growth stocks. Be prudent with your entry point, and start with a partial position. Add in tranches.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. This is the second worst start to a year in 122 years. Only 2009 was worse. Timeframe and risk tolerance are key. Quality companies should do well in the long term. Investors should keep a balanced portfolio. A down market is a buyer’s friend. Unlock Premium - Try 5i Free