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In this episode of Stocks In Translation, Yahoo Finance’s Markets and Data Editor Jared Blikre and Yahoo Finance Producer Sydnee Fried sit down with Wave CFO Michaella Gallina to discuss value stocks, taxes, fiscal and monetary stimulus, and her career journey.
Gallina broke down what to look for when selecting a value stock: “Strong, consistent earnings and cash flow over time … that’s predictable and stable. That’s a big thing for me.”
Gallina noted the importance of diversification in your portfolio. “You have to have diversification unless you’re value fund … I just think people have focused even more so on growth and they’ve forgotten the value stocks, which in some cases have significantly outperformed the growth stocks. Especially when you’ve got risk on.”
On stimulus, Gallina explained that consumers and businesses may be too quick to think that the government will step in during tumultuous periods. “If things start to go haywire,” Gallina said, ”consensus is they’re going to step in and do something else to try to smooth it out. And I think that’s a really dangerous road to go down because, at some point, they’re not going to be able to correct things at the magnitude that they’ve been putting … stimulus into the marketplace.”
Some advice Gallina gives to early investors is to “pick low-fee mutual funds … or ETFs … earlier in your career. So pick further out retirement funds, for example, and stay diversified.” She added that ”the biggest piece of advice is [to] start investing early, any amount of money. … The compounding interest is … most important at that age.”
Twice a week, Stocks In Translation cuts through the market mayhem, noisy numbers, and hyperbole to give you the information you need to make the right trade for your portfolio. You can find more episodes on our video hub or watch on your preferred streaming service.
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