Four experts point to the best opportunities for those with cash to invest.

In a hot stock market, there’s value in keeping a cool head. 

With meme stocks in headlines again and the biggest 10 stocks in the S&P 500 making up a record 35% of the index, Bloomberg turned to four money managers and wealth advisers for timely ideas on where to invest. 

The experts pointed to attractive opportunities in short-term Treasuries to provide ballast in one’s portfolio; in defense and industrial stocks, which are set to benefit from a global need for more capital expenditures; and in information technology services companies as an AI-adjacent play.

When the investors were asked how they’d deploy $10,000 on a personal interest, assuming all charitable donations had been made, answers ranged from investing in collectible Lego sets, a trip to watch the America’s Cup in Spain and an investment in battery storage and solar panels at a rural California getaway.

To invest in the investor’s themes using exchange-traded funds, Andre Yapp, Bloomberg Intelligence ETF research associate, points to ETFs that can act as rough proxies.

Before putting money into the markets, be sure to check if there are other moves you can make to shore up your financial picture. For ideas, take a look at The 7 Habits of Highly Effective Investors.

Read more: Are you Rich?