You are using an outdated browser. Please upgrade your browser to improve your experience. By Anne Kates SmithSenior Editor From Kiplinger's Personal Finance, January This one may be entering its golden years beset by uncertainties and buffeted by crosscurrents.

Toward the end ofa long period of calm gave way to increasing volatility, and you can expect more of the same in as the sedative of an ultra-easy monetary policy finally starts to wear off.

During this year of adjustment, the market will move less as a cohesive whole as sectors and stocks splinter off in their own directions—in the same way a robust U. Your returns will depend on selecting the right companies in the right markets, rather than relying on a broad-based approach.

The 10 Best Online Brokers.

Investors up to the challenge will be rewarded in We expect broad U. Add in two percentage points of dividend yield, and U. He notes that the current bull, which will celebrate its sixth birthday in March, is already the fourth-longest in 80 years. All prices and returns are as of October A vibrant stateside economy will provide strong support for U.

For more, see 25 Stock Picks for and Bargains in International Stocks and Funds for With shares in the broad market selling at 16 times estimated earnings, prices of U. And plenty of themes—from lower oil prices to a rising dollar to a stronger consumer—could pay off for investors in As has been the case throughout this bull market, much of the Sturm und Drang will come from the Wall Street parlor game of Guess What the Fed Will Do.

The surprise might be that the hikes turn out to be benign for both the stock market and the bond market, if, as we expect, they commence late in the year, and if the increases are more gradual and modest than in past tightening cycles. Moreover, even with the Fed pushing short-term rates higher, any increase in long-term rates will be subdued by expectations for low inflation and high demand for the safety of U.

For more on the bond market, see Income Investors, Don't Fret About Higher Interest Rates. Still, higher rates have the power to knock the stock market for a loop. Bull markets almost never end with the first rate hike. Investors should bear in mind that sinceshares of companies in the consumer-staples, health care, telecommunications and energy sectors have delivered the best results during periods of rising rates—although low oil prices may pose a challenge for energy stocks this time around.

Beyond interest rates, the bull is being pushed and pulled, sometimes simultaneously, by a variety of other developments.

Many of the dynamics driving stocks today can be characterized as double-edged swords, so investors must take care to be on the right side. Take the drop in oil prices, which, says Bank of America Merrill Lynch, is an economic lubricant or an oil slick, depending on your perspective. The downside is that a big part of the drop is due to weak demand from struggling overseas economies, which could eventually threaten growth here, too. Energy production, and profits, will likewise be jeopardized if the slump is prolonged or deepens significantly.

But the bad news is offset by the windfall for big energy users—think transportation and chemical concerns, for instance. Earn money on your gap year that make paint, varnishes and similar substances are a prime example, says Saira Malik, a portfolio manager at TIAA-CREF.

Costs for oil-based raw materials will fall, but prices for the finished products tend to keep steady, making for plumper profit margins. Profit margins expand because of declining material costs, while lower gas prices encourage drivers to put stock broker job outlook miles on their tires. Possible winners include The TJX Cos. Not all lower-oil-price winners are cashing in, though.

For travel- and leisure-related businesses such as airlines, cruise operators and hotels, the good news on oil has been tempered by scares of a global Ebola pandemic—call it a crosscurrent within a crosscurrent in this mercurial market.

Because of Ebola worries, travel stocks lost far more than the general market during the September—October pullback. She likes the hotel industry. Growth in the supply of rooms has been low, allowing can i buy royal mail shares with isa rates to remain at peak levels and operators to hold prices firm.

Stockbroker Careers | The Princeton Review

Intrepid bargain hunters might look for buys among energy stocks themselves, which dropped 8. Investors who want to bet on more than garments stock lot buyers south africa stock might look at Market Vectors Oil Services ETF OIHan exchange-traded fund that concentrates its holdings in behemoths that dominate the field.

The strong dollar is another two-sided coin. The dollar should continue to strengthen, albeit more gradually, as the Fed moves toward higher interest rates and central banks abroad cut rates.

It attracts foreign investors, who can convert their dollar-denominated winnings into more of their local currencies. It boosts spending power for both U. By helping to keep a lid on inflation, a stronger dollar gives the Fed more leeway to raise rates slowly. Tsx-v stock option plan contrast, a stronger dollar hurts U.

See 8 Stocks to Buy for Companies that generate most of their sales in the U. Moreover, small caps are often not the best choices in the later stages of economic recoveries and bull markets.

So some experts think large-cap stocks will continue to dominate in as investors hew to high-quality names. But a tilt toward U. Janney Capital Markets, which specializes in small-cap stocks, sees plenty of opportunity. Some themes that have supported the bull all along should continue to do so in Companies with the wherewithal to boost dividend payouts are far from played out. Vanguard Dividend Growth VDIGXa member of the Kiplinger 25, is a low-cost fund that invests in companies that raise their dividends consistently.

Good choices for fund investors include Vanguard Healthcare VGHCX and iShares Nasdaq Biotechnology IBB. Investors who want to beef up their technology holdings should consider Fidelity Select IT Services FBSOX and T. Rowe Price Media and Telecommunications PRMTX. This is a month outlook.

But market strategist Kelly Bogdanov, at RBC Wealth Management, finds the view promising for years to come. We might be in the midst of the kind of bull market that could last 10 years, or even longer, she says.

The last so-called secular bull ran from to though it did include two relatively minor bear markets. Toggle navigation Menu Subscribers Log In.

Sections Close Menu Wealth Creation Investing Retirement Taxes Your Money Your Business Magazine Contents. See All Marketplace Special Reports Tools Slide Shows Quizzes Videos Columns Basics of Personal Finance Economic Outlooks.

Kiplinger Alerts The Kiplinger Letter The Kiplinger Tax Letter Kiplinger's Retirement Report Kiplinger's Investing For Income Kiplinger's Annual Retirement Planning Guide Kiplinger's Boomer's Guide to Social Security Webinars More Kiplinger Products 13th Street, NW, Suite Washington, DC Store Deals Log in Search Close.

Toggle navigation Menu Subscribers.

Stock Market Outlook for Store Deals Log in. Find Hot Deals in Kiplinger's New Marketplace.

Is A Stockbroker Career For You? | Investopedia

SLIDE SHOW Best Index Funds for Every Investor. QUIZ Will It Sink Your Credit Score? SLIDE SHOW Best Credit Unions Anyone Can Join, Stock Watch Stock Market Outlook for The 10 Best Online Brokers Investors up to the challenge will be rewarded in Check Out Kiplinger's Latest Online Broker Rankings googletag. More From Kiplinger Most Popular Most Shared 10 Small Towns With Big Millionaire Populations - Slide Show 15 Worst States to Live in During Retirement - Slide Show 10 Things That Will Soon Disappear Forever And 7 That Refuse to Die - Slide Show 8 Cheap Stocks for a Pricey Market - Slide Show.

Most Popular Most Shared 11 Tricks to Shopping at Whole Foods Without Going Broke - Slide Show How Early Retirees Can Get Cheap Health Insurance - Article Medicare Surcharge Thresholds to Drop - Article Best Index Funds for Every Investor - Slide Show. About Us Employment Opportunities Privacy Policy Terms of Service Millennium Copyright Act Site Map RSS.