Suze Orman Keeps Buying Amazon, Microsoft And... Palantir? 'Over The Long Run, You Will Win'

Zinger Key Points
  • As stocks continue to sell off as rates rise, Suze Orman sees opportunities to buy.
  • "With patience and the right picks over the long run, you will win," she says.

Personal finance whiz Suze Orman doesn't think bonds are the best way to build wealth over the long term. Instead, she recommends buying growth stocks — just pick the right ones.

What To Know: Orman, a financial advisor and author, buys Treasuries when yields cross 5%, but it's a short-term play. She's still buying several growth stocks on signs of weakness.

As stocks continue to face selling pressure amid rising rates, there are opportunities to buy, she said. If you don't have the stomach for the stock market then stick with bonds, but you might be missing out on a "lifetime opportunity," she said on CNBC's "Fast Money."

"These high interest rates have forced people, as you know, out of the stock market into bonds," Orman added. "Some of these stocks, how do you pass them up? I mean, you have to go into them ... I think you will be making a big mistake if you park your money forever in bonds."

What Orman Buys: Orman's portfolio includes shares of Amazon.com Inc AMZN, Microsoft Corp MSFTBroadcom Inc AVGOShopify Inc SHOP and Palantir Technologies Inc PLTR — and she's not done buying.

If these stocks go down, she buys more because she believes in them long term. She even went as far as to say that she wants them to trade lower.

Orman started buying Palantir shares around $7 and then it shot higher. She had planned to dollar cost average into the name, but it took off before she could. 

"Now I have to wait until she comes back down again," Orman said of the data AI company. "With patience and the right picks over the long run, you will win."

Read Next: The Rich Get Richer By Doing This — You Can Do It Too

Image: Shutterstock

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