"Bears in 2023 continue to be proven wrong — this has been one of the most hated rallies in recent memory. Given this uncertain backdrop, investors with a budget of $100,000 might be wondering where and how much to invest in each asset class. For those looking to invest $100,000, the CIO advised caution on allocating too much to stocks and bonds. He highlighted the Federal Reserve's restrictive monetary policy and said the impact of last year's interest rate hikes is "yet to be fully felt in the economy." The CIO is particularly bullish on real estate as he believes it offers a hedge against inflation.

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Persons: Jeff Henriksen, James McManus, McManus, David Henry, Cheviot, Henry, we've, Ben Fraser, Fraser Organizations: Apple, Microsoft, Nvidia, . Investment, UBS, Bears, Thorpe, CNBC, JPMorgan, CNBC Pro, Angels ETF, Aspen Funds, Investors, Estate Investment Locations: U.S, Real, Fraser