My Favorite Place To Buy Stocks - And It's Not Even Close

Jul. 12, 2025 7:30 AM ET, , , , , , , , , , , , , , , , , 32 Comments

Summary

  • Inflation isn't going away. Tariffs, a weaker dollar, and secular trends support my "higher for longer" thesis, putting pressure on real income.
  • Most sectors are expensive. Energy stands out with value, yield, and inflation-fighting power, despite short-term OPEC and growth fears.
  • Nearly 40% of my portfolio is in energy. I'm doubling down on diversified exposure as the setup gets more compelling with each passing month.
  • Looking for more investing ideas like this one? Get them exclusively at iREIT®+HOYA Capital. Learn More »
Close-up of a hand offering cash in a bundle of US dollars.

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Introduction

I wish I had the data to back it up, but I am convinced that if I were to make a word cloud of every article I have written since 2020, the word inflation would stand out, probably by a

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This article was written by

43.3K Followers

Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He is a contributing author for iREIT®+HOYA Capital.

As a member of the iREIT®+HOYA Capital team, Leo aims to provide insightful analysis and actionable investment ideas, with a particular emphasis on dividend growth opportunities. Learn More.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of TPL, LB, CNQ, AM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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