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Stay invested regardless of macroeconomic conditions, advises investment expert

As the new year begins, many investors may be wondering how best to invest their money in 2024, given the uncertainty markets face as interest rates remain at multiyear highs. According to Thomas Heller, the chief investment officer of Switzerland-based Belvédère Asset Management, his first piece of advice to clients with a long-term view is to stay invested regardless of the current macroeconomic conditions. Heller believes that not being invested is the biggest investment mistake one can make. He notes that many investors have cash on the sidelines because they simply don’t know what to do or ignore it, and this is not an active position. Heller emphasizes that earning a higher interest rate on cash balance shouldn’t be an excuse to delay investment decisions.