Bloomberg Businessweek
World’s Mega-Rich Bet on US Renters
Sep 26, 2023
The world's mega-rich are investing in US rental properties due to the drop in office values. They discuss the impact of this trend on rental costs and financing methods used. Concerns about the China-Russia relationship and an upcoming event are expressed. The ongoing UAW strike's potential impact on EV production is explored, along with the dominance of Tesla in the market. Nancy Tangler discusses investing in technology companies that monetize AI and cloud computing. The impact of interest rates on investments and strategies for women are also discussed.
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Quick takeaways
- Despite recent market declines, Nancy Tangler sees this as an opportunity to buy technology stocks and emphasizes the importance of focusing on individual company fundamentals.
- Tangler expects the S&P 500 to potentially decline another 5-7% before the end of the year, but remains confident that the market will end the year higher and advises taking a buy-and-hold approach.
Deep dives
Opportunity to Buy: Technology Stocks
Despite recent market declines, Nancy Tangler, Chief Investment Officer at Laffer Tangler Investment, sees this as an opportunity to buy technology stocks. She is optimistic about earnings and believes that interest rates are not a major concern compared to the potential impact of a stronger dollar. Tangler is particularly interested in established tech names that are monetizing AI and cloud computing, such as Oracle and Broadcom.
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