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JPMorgan Chase CEO Jamie Dimon isn’t one to sugarcoat his views on the economy — his take on the stock market at the beginning of the year was anything but reassuring.
“Asset prices are kind of inflated,” Dimon told CNBC on Jan. 22 at the World Economic Forum in Davos, Switzerland. “I’m talking about the U.S. stock market.”
His concern isn’t without merit. Trump’s latest tariff policies have battered the stock market — the S&P 500 index declined by over 10% in early April, formally entering correction territory. After an impressive 23% gain in 2024, the broader market index is now down nearly 14% year-to-date.
“The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession. And even with the recent decline in market values, prices remain relatively high,” Dimon, who serves as JPMorgan chairman and CEO, wrote in a letter to shareholders.
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Dimon supported Trump’s tariffs in January, calling them a “little inflationary” yet imperative for national security.
But Dimon now sees the U.S. economy weakening in the wake of Trump’s April 7 “Liberation Day” tariffs, according to a recent JPMorgan shareholder letter.
“The economy is facing considerable turbulence (including geopolitics), with the potential positives of tax reform and deregulation and the potential negatives of tariffs and ‘trade wars,’ ongoing sticky inflation, high fiscal deficits, and still rather high asset prices and volatility,” Dimon acknowledged.
If you share these concerns, here are some ways to protect your portfolio.
Precious metals
When markets look shaky, investors often turn to gold — and for good reason. The precious metal is seen as a store of value, offering protection against inflation, economic downturns and stock market volatility.
Rogers has long been a proponent of precious metals to hedge against uncertainty. In an October interview with Wealthion, he explained why he continues to hold gold and silver.
“I know from history that the world is going to have problems again … and when the world has problems … it’s nice to have some gold in the closet, or under the bed, have some silver in the closet,” Rogers said.
“Because no matter what, many people will turn to gold and silver in times of turmoil.”
As market uncertainty mounts, investors often take cover with precious metals. For instance, gold has climbed around 35% over the past year, hitting over $2,800 per ounce, while silver has posted impressive gains of around 36%, reaching over $30 per ounce.
One way to invest in gold that also provides significant tax advantages is with a gold IRA from Priority Gold.
Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold. This can make gold IRAs an attractive option for those seeking to secure their retirement fund against economic uncertainty.
Even better, when you make a qualifying purchase with Priority Gold, you’ll be eligible for up to $10,000 in free silver.
Real estate
Dimon also expressed skepticism to CNBC about inflation cooling in the near future.
As such, investors looking to diversify beyond stocks to shield their wealth from the impacts of inflation might find real estate a compelling choice.
Property values tend to rise with inflation, reflecting the increasing costs of materials, labor and land. At the same time, rental income has been shown to climb, providing landlords with a steady revenue stream that adjusts with the cost of living.
Of course, purchasing a property requires significant capital — and finding the right tenant takes time and effort. But thanks to modern investment options, you don’t need to own a property outright to gain exposure to real estate as a financial asset.
Platforms like First National Realty Partners allow accredited investors to own a piece of institutional-grade, grocery-anchored properties without the hassle of finding and managing property.
FNRP properties are leased to national brands like Whole Foods, CVS, Kroger and Walmart. Thanks to triple net leases, investors can potentially collect grocery-store-anchored income without worrying about operational headaches cutting into the bottom line.
For those considering a more economical way to get started, crowdfunding platforms like Arrived make it easier to invest in real estate with as little as $100.
Backed by world-class investors like Jeff Bezos and Marc Benioff, Arrived lets you invest in residential property nationwide.
You can potentially generate passive income in two ways through Arrived — any rental income generated from the property you invested in is paid out as dividends monthly, and any capital gain from property value appreciation is paid out at the end of the investment hold period.
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Fine art
It’s easy to see why great works of art tend to appreciate over time. Supply is limited, and many famous pieces have been snatched up by museums and collectors. This makes art an attractive option for investors looking to diversify their holdings.
In 2022, a collection of art owned by the late Microsoft co-founder Paul Allen sold for $1.5 billion at Christie’s New York, making it the most valuable collection in auction history.
But for a long time, investing in art was a privilege reserved for the ultra-wealthy.
Now, that’s changed with Masterworks — a platform for investing in shares of blue-chip artwork by renowned artists, including Pablo Picasso, Jean-Michel Basquiat and Banksy. Masterworks has had 23 successful exits to date, and every one of them has been profitable. All told, Masterworks has distributed over $60 million in proceeds back to investors, including the principal.
To get started, simply browse their impressive portfolio of paintings and choose how many shares you’d like to buy. Masterworks will handle all the details, making high-end art investments both accessible and effortless. See important Regulation A disclosures at Masterworks.com/cd.
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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
