20 Stock Picks For 2023 From Top-Performing Fund Managers | Forbes

2022 was a terrible year for stocks. The S&P 500 has lost 20%, the Dow Jones Industrial Average is down nearly 10% and the tech-heavy Nasdaq Composite plummeted more than 30%. Blame it on raging inflation, a hawkish Federal Reserve, the War in Ukraine or a looming global recession.

Given that the days of just buying the S&P 500 or some other broad index fund to garner double digit returns appear to be in the rearview mirror, experts believe it is now a so-called “stock pickers market.”

With that, Forbes tapped Morningstar to identify top-performing fund managers who have either beat their benchmarks this year or on a longer-term basis over three-year, five-year or ten-year periods. Here are their best stock ideas for the coming year.

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[linsey.]

The stock market is and has always been the best place to make substantial income i still find myself pumping more funds into the stock market and trading aggressively. Away from all the distractions around, I still make huge profits from my investments.

[donalddavis]

I'm not even kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it, Investing is a long-term game, so I try to focus on the long term.

[tateoften]

Yes stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

[bobbymainz]

I learned that the stock market was a rich man's game (yes, grandparents lost it all back then and preached that forever) but I've been around long enough to really taste how great it can be. To be profitable, with inflation at 6.1% These are surely desperate times, but in my opinion, there is no market condition that a good financial advisor cannot navigate, especially those that have existed since the crisis of 2008 and before.

[darnellcapriccioso]

Instead of trying to predict whether or not we’re going into more recession and keep losing your money, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every quarter according to Bloomberg.

[charlesisabella]

*THE BEST DECISION I EVER MADE IN MY LIFE WAS INVESTING IN THE CRYPTO MARKET MARKET. TRUSTED NEW ME GUYS, IT REALLY PAYS A LOT ! 😊*

[angeladeem]

Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $250k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?

[williamskohler]

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 5X gains in this present market cos I read of someone that pulled a profit of $330k within 6months, and it would really help if you could make a video covering these strategies.

[havisrobert]

I used to think everybody went broke during the Great Depression and other major crashes but they didn’t… Some made millions, I also thought everybody went out of business during these times but they didn’t, some went into business, there's always depression/recession for some people and there's always a good time for others, it's all about perspective.

[joshnorton]

To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn’t good enough. I’ve been quite ensured about investing in this current market and at the same time I feel it’s the best time to get started on the market, what are your thoughts?!

[verified]

I would be retiring or working less in 5 years and I just want to know best how people split their pay, how much of it goes into savings, spending or investments. I earn around $165K per year but nothing to show for it yet.

[timsherwood]

These are very nice recommendations but it must be said that the market comes with lots of risks and you could potentially lose all. These could go from top picks to doom in minutes. Secondly, what works for A must not necessarily work for B and therefore being a bandwagon investor might not really work. Always make more thorough inquiries before putting your money somewhere or better still, get the services of an expert (that way, you give little room for error and get tailored investments). Made my first million late last year this way at the peak of the market collapse.. Good luck!

[wonhur]

Is this a good time to buy stocks/crypto in the Europe? I know everyone is saying stocks are at a discount and all, but just how long will It take for us to recover, obviously there are strategies to manoeuvre in this present market but these strategies doesn't come common to the average folk, or am I better off putting my money elsewhere.

[matthewowen]

Is this really a good time to buy stocks? I know everyone says the mrkt is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this mrkt raking in over $250k gains within months, I'm really just confused at this point.

[Robertgriffinne]

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions

[stricklandpilman]

I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 11% and being cautious. Still better deal than letting it sit in savings or checking earning near 0-1% interest.

[esnolgalves]

Can't understand why anyone would buy most these over valued stocks and hold for over a day knowing we are in a recession, we must be right on the edge of the worst anyone has ever seen.

[desmondeddy]

We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

[juanderuano]

I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 175K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities.

[agentjacob]

There are books on economic cycles, trading strategies, and sector bets. But the most powerful and important book should be called Shut Up And Wait. it’s just one page with a long-term chart of economic growth.