BetterInvesting’s CEO Kamie Zaracki isn’t letting the situation in Greece, Puerto Rico or China keep her from dipping into the stock market, she said on the June 30 edition of CNBC’s “Closing Bell Retail Investor Roundtable.”
Zaracki explained that “a smart, good quality company is going to understand the risk associated with those particular situations and how it will impact their stock.”
“I’m taking a look at the fundamentals of the company and taking a look at them as a long-term play,” she said.
Stocks that her own investment club is buying include Signature Bank (SBNY), Qualcomm (QCOM), Cognizant Technology Solutions (CTSH) and Church & Dwight (CHD).
“We take the time to really take a look at our stocks, we take a look at the fundamentals and make sure we’re investing in what we think is going to be a good long-term stock,” Zaracki said.
“We do a great job of identifying quality stocks and the next thing we do is we make sure we’re buying them the right price.”
That means sometimes her investment club simply isn’t spending money, just building up that cash reserve. Then, when the price is appealing, the club snaps up whatever’s been on its wish list.
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.