Where to invest US$1 million right now

MORE turbulence ahead – that’s the message investors are getting from Wall Street experts as pressures on financial markets mount. On top of lofty stock valuations fuelled by the hype over artificial intelligence (AI), there’s the high-stakes tariff battle between the US and China, meltdowns in some parts of credit markets, softening job growth and a US government shutdown.

However, overall earnings have been strong, and the S&P 500 has largely powered past any obstacles. The index is up more than 30 per cent since its April low and has gained about 14 per cent for the year. Where jitters have shown up recently is in the price of gold. While still up some 50 per cent for the year, the precious metal plunged by as much as 6.3 per cent on Oct 21, in the metal’s worst rout since 2013.

To look beyond the chaos and identify opportunities, we asked wealth advisers for their take on promising investment areas.