Here's where to invest your money in 2021, financial advisors say

Here's where to invest your money in 2021, financial advisors say  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  VIEW IN BROWSER | SUBSCRIBE WED, NOV 11, 2020 YOUR WEALTH Editor's Note As we head into 2021, some investors may try their luck by betting on stocks that could do well under a Biden presidency — those related to alternative energy or infrastructure. However, CNBC spoke with several financial advisors and they place less importance on who is in the White House than on a Covid-19 vaccine. The Covid-19 trade will be more significant than the Biden trade, one advisor explained. With that said, which sectors do they feel are poised for growth in 2021? These advisors say to keep a close eye on those sectors that would benefit from a dose of pre-Covid-19 normalcy. Translation: Anything involving people being in close proximity to one another once again could do well once a vaccine is broadly distributed. They are looking at hotels, hospitality, airlines and cruise line industries, as well as sit-down restaurants, movie theaters, sporting events and concerts. These are sectors that have taken a beating during the pandemic. The advisors say suppliers for those type of companies or those that otherwise serve them may benefit next year. Commercial real estate, which also has suffered during the pandemic, could also have more upside potential in a post-vaccine economy, advisors say. For more key stuff like this, please follow me on Twitter @jimpavia and check out CNBC's Financial Advisor Hub and CNBC + Acorns Invest in You: Ready. Set. Grow. On Nov. 17, CNBC's Path Forward: Your Money virtual summit will bring together some of the top experts in personal finance to provide critical advice on spending and saving. We'll examine the psychology behind decision making, to help you stay financially sound during this time of unprecedented challenges. Featuring Suze Orman, Pats linebacker Brandon Copeland, Die With Zero author Bill Perkins and more. Register now. Jim Pavia @JIMPAVIA Here's where to invest your money in 2021, financial advisors say Investors may want to look closely at sectors that could rebound once a coronavirus vaccine is approved and broadly distributed. 401(k) money moves to make now as the stock market rallies The recent market rally may have swelled your 401(k) balance, yet this sugar rush isn't sustainable. Instead of trying to time markets, take these steps. Here's what's ahead for President-elect Biden's tax plan Whether President-elect Joe Biden's tax plan moves forward will depend on the outcome of two Senate runoff races. Here's what could happen. There's no second $1,200 stimulus check yet. That's a text scam If you receive a text message claiming that you are about to receive a $1,200 stimulus check, don't click on it. Chances are, it is a fraudulent scheme. Free college could be a reality under a Biden administration President-elect Biden promised to make community college tuition-free. What a Biden presidency may mean for consumer protections President-elect Joe Biden will likely prioritize the economic fallout of Covid-19 and get more aggressive with policing Wall Street, experts said. Despite promises, Beam depositors still can't get access to their money. Now the lawsuits have begun Former vendors for Beam Financial, who say they are being unfairly blamed for customers being locked out of their accounts, have taken the company to court. Op-ed: The pandemic forced advisors to adapt and find new ways to engage with clients The pandemic changed how advisors and their clients do business — to online. Advisors must dedicate time and resources to effectively make this strategy shift. Here's a decade-by-decade guide to retirement planning Hitting key milestones at early ages can get you in solid financial shape for retirement. Saving in 401(k) plans, and individual retirement accounts can help. 90% effective "Calling the Fountainbleu in Miami Beach to book five nights with the family. What are you doing? Oh man, and I'm hella long stocks right now ..." CONTRIBUTORS Sharon Epperson @sharon_epperson Josh Brown @ReformedBroker Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel   Digital Products Feedback Privacy Policy CNBC Events   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS