Bonds The case for fixed income is "fairly clear," according to Budden, who was speaking on Nov. 9.
By comparison, he said that if you "just stick it in cash," its value is likely to get eroded by high inflation.
Stocks Meanwhile, the equities expert believes there is no better time to play the stock market.
'Haven't missed the market' As much as Budden is optimistic on stocks, he cautioned that "not all equities are the same."
For one, the so-called "Magnificent Seven" stocks – Alphabet , Amazon , Apple , Meta Platforms , Microsoft , Nvidia and Tesla – have been reigning supreme this year.
Persons:
Andy Budden, Budden, Haven't, haven't, " Budden, CNBC's Katrina Bishop
Organizations:
U.S . Federal, Capital Group, CNBC Pro, Apple, Microsoft, Nvidia, Tesla