Should the Federal Reserve raise interest rates, possibly leading to reduced stock prices, investors will have a chance to pick up some bargains, says Julie Werner, a member of BetterInvesting’s board of directors.
Werner was recently a guest on “Closing Bell’s Retail Investor Roundtable” on CNBC. She’s a long-time investor in Tiffany & Co. (ticker: TIF). Werner is on the left in the picture, while the show’s hosts are Kelly Evans (center) and Bill Griffeth.
“For the long-term investor, the market always ebbs and flows. When it’s a buying opportunity, I’m more than happy to take those. And when it overshoots, I’m more than happy to take to a little bit of profit — especially from my Tiffany — and go shopping in a different place,” she said.
Investment clubs are “a great place” for the average person to learn about investing in the stock market, Werner says. She first joined a club in 1984. Stocks she’s holding now include Apple (AAPL), Gentex Corporation, Genesee & Wyoming (GWR) and Polaris Industries (PII).
“It gives you control and an investor will learn how to value a company and pick good, quality growth companies and how to get a diversified portfolio. You’re the owner of these companies. You take control, you don’t have to take profits, like the mutual funds if you invest that way. I’ve been very successful, I know a lot of people have been very successful doing it. The secret is education, you get the education, and you have to take the emotions out of the decision-making,” she said.
BetterInvesting is a national nonprofit organization that has been empowering individual investors since 1951. Founded in Detroit, the association (formerly known as National Association of Investors Corporation) was borne out of the conviction that anyone can become a successful long-term investor by following commonsense investing practices. BetterInvesting has helped more than 5 million people become better, more informed investors by providing webinars, in-person events, easy-to-use online tools for analyzing stocks, a monthly magazine and a community of volunteers and like-minded investors. For more information about BetterInvesting, visit its website at www.betterinvesting.org or call toll free (877) 275-6242.