Hedge fund manager Dan Niles explains why he sees the S&P 500 nearing overbought conditions

Dan Niles, Niles Investment Management founder & portfolio manager, joins 'Fast Money' to talk buying opportunities in the current market, investing in China, why he thinks the S&P 500 is overbought, and more.

[KennedyVerbruggen]

like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income

[judynewsom]

I’d be interested to see the performance by dividend income for all of these players vs the S&P 500. Considering the current interest rate, how can I possibly safeguard and grow $350k cash reserve into a 7 figure ballpark for the next 2 years?

[CrystalJoy-]

I’m convinced that investing as little as 50k-150k in the right company before it goes big is more important than buying the dip, however picking the right company lies the difficult task. My question is, what are the best opportunities to accrue profits now.

[pentagon]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[NO-TIME]

I retired at 53 now, 55. I have close to a six-figure portfolio, 70% income uk 🇬🇧 stocks, blue-chip companies, the rest in growth etfs sp500 nasdaq global technology, etc. I still like the growth aspect of investing but as my grandkids would inherit all this how best does all this get best managed for better returns?

[RhondaArmstrong-yd]

Bullish or bearish, AI stocks will still dominate 2024, even beyond. Why I prefer NVIDIA is that they are better placed to maintain long-term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take these other recommendations you made.

[philipfletch]

Stock market is on fire! My portfolio is up 23% since the start of the year. Who else is crushing it?

[donovantobs]

I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.

[shakes]

Your blinking game is strong my friend

[kbkesq]

Melissa Lee asking pertinent questions. Dan is going to not only lose money going long last year but this time too.

[Mokkonokko]

My Mans looks like a EAFC-Pro Club Character lol

[JL-sifz]

Niles is not a permabear, we should take note.

[thehouseowner-qu]

How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards

[philloucks]

Chinese will save their stimulus checks

[stevenmajewski]

Nearing overbought conditions, oh please.
The S & P has been overbought/overvalued now for the past 12 months.

[johnmacri]

Dan Niles like Dan Nathan useless. New firm every year. Still short tesla turds?

[andrewt]

What is dan niles performance over the years??

[ronsilva]

In other words buy what he is stuck with and wants to sell .

[jeffstrong]

Dan Niles is average when it comes to giving his opinions. I remember long time ago, he forgot to consider exchange rates for USD for Intel earnings off by wide margin with his estimates. I assume it happen because he doesn't communicate with other fund managers about their opinions work as lone wolf.

[Snapcracklepop]

dude looks like a legend of zelda ocarina of time character.