NEW YORK — The investment landscape can be a scary place.

This year's stock market surge has stalled and the market is too choppy to provide any sort of reassurance. Savings accounts earn practically nothing. Bonds, a traditional haven, seem like a poor choice because interest rates are likely to go up. The stocks people invest in for safe, steady income, like utilities and health care, aren't as cheap as they used to be.

The Associated Press asked five experts where they're putting their money in these uncertain times. Their suggestions are opinions, and you should do your own research before making any decisions.

Blake Howells, portfolio manager and analyst at Becker Capital Management in Portland, Ore.

His idea: Big-name tech companies, regional banks

Howells likes Microsoft ($34.40 per share) and Apple ($430.05 per share), but not necessarily for their best-known products.

He likes Microsoft not for the Windows operating system, which has garnered mixed reviews, but for the servers it sells "that make big companies and big data farms run." He likes Apple not for the iPhone and iPad — after all, the company's stock is down 19 percent this year and it's largely because people are worried that Apple can't keep churning out blockbuster gadgets — but because of the iOS operating system. He thinks it will help Apple keep customers who won't want to go through the hassle of switching all the information on their iPhones and iPads to another system. "That gives it a little bit more sticking power than a BlackBerry or a Nokia," Howells says.

He likes certain regional banks, like Pittsburgh-based PNC Financial Services Group ($71 per share) and Minneapolis-based U.S. Bancorp ($35.01 per share), crediting their plain-vanilla businesses of making loans and accepting deposits. He says they're "in much better shape than they were at the start of the downturn," before the 2008 financial crisis. But he's iffy on the megabanks, even if some are selling at prices much lower than before the financial crisis.

"At the end of the day, we don't know what's in their trading books," Howells says. "And any time you have volatile markets, you can have some unpleasant surprises."

Rob Lutts, president and chief investment officer of Cabot Money Management in Salem, Mass.

His idea: Energy stocks

Lutts predicts that domestic energy production will continue to expand, fueled by new technology. He's especially interested in companies that make equipment for specialized production methods, and has an eye on a Houston-based company called Dril-Quip Inc. ($89.54 per share), which makes equipment for deepwater drilling.

The U.S. is producing more crude and natural gas. The International Energy Agency predicts the U.S. will become the world's biggest oil producer by 2017, and will produce all the energy it needs by 2035.

"If you're going to pick one cost that impacts all of America, it's energy," Lutts says. "And it's unappreciated, how the energy industry has been turned upside down by new innovation."

Margie Patel, senior portfolio manager at Wells Fargo Capital Management in Boston

Her idea: Consumer stocks

Patel likes companies that make "the products we all consume every day," from groceries and cosmetics to cleaning supplies. Returns can be more modest than in other sectors, at least when the market is rising, but they're also more stable in bad times. Lower prices for some of the commodities that companies need to make their products will trim costs. On Friday, the Thomson Reuters/University of Michigan monthly survey reported that while consumer sentiment came in slightly below expectations in June, May was at a nearly six-year high.

"The population is growing, and people have a little bit more money in their pocket to spend on a range of products," Patel says. And while the U.S. economic growth looks only moderate, she says, "it's still positive growth, and it's still sustainable."

Mickey Segal, managing partner at Nigro Karlin Segal & Feldstein in Los Angeles

His idea: Apartments

To Segal, it's a great time to buy apartment-related investments, thanks to a combination of high demand and low supply.

He thinks that more people will have to rent apartments because it's tough to qualify for a home loan. And with higher mortgage rates all but inevitable as the Fed prepares to pull back on bond buying, some lower-income buyers may not be able to afford a home. Already, U.S. homeownership is at 65 percent, its lowest rate since 1995, according to the Census Bureau.

Another trend that could encourage renting is the tighter supply of homes. In some areas, investor groups are buying up houses for rental properties and hoping to sell them later for a profit. That limits the number of homes for sale. The National Association of Realtors, which advocates for home buying, says there aren't enough existing homes to keep up with demand.

There also aren't as many new apartment units coming on line. Builders broke ground on new apartments at an annualized rate of 234,000 in April, compared with 351,000 at the same period in 2005. And while construction was up this April compared with a year ago, it was still down 40 percent from the previous month.

Put it all together and you can expect higher rental prices. The median asking rent for a vacant apartment was $718 per month in the first quarter, according to the Census. That was roughly flat from the year before, but up 5 percent from two years ago.

"You have more people looking for a place to live who either lost their homes or couldn't afford their homes," Segal says. "And there's been no new real development happening for a few years."

Segal recommends investing in limited partnerships, which are offered through brokerage firms.

Anton Bayer, CEO of Up Capital Management in Granite Bay, Calif.

His idea: Corporate floating-rate and shorter-term bonds

Pay attention, because this one is a little complicated.

The Federal Reserve has been buying $85 billion worth of government bonds each month to try to make long-term loans cheaper and stimulate the economy. As long as the Fed is propping up demand for bonds, the Treasury doesn't have to worry too much about enticing buyers and can pay out low interest rates on them. If the Fed pulls back on its bond-buying spree — something that Chairman Ben Bernanke has said could happen soon — then the interest rate on bonds will go up.

That's bad for people who already hold the Treasury bonds. Here's why: Most Treasury bonds pay out a fixed rate. If you own a 10-year Treasury note that pays 2 percent interest, and rates go up to 3 percent, you're still going to get paid 2 percent. That means you're missing out on investing in a higher-paying bond. It also means that the underlying value of your bond is going to go down: No one wants to buy a bond with a 2 percent yield in a 3 percent yield market. You can get all your money back if you wait until the bond matures, but that will take 10 years.

Bayer recommends floating-rate corporate bonds, because the interest rates they pay change along with the Fed's interest rate. Be careful, though, because floating-rate bonds are often issued by riskier companies.

Bayer also recommends fixed-rate bonds with shorter durations. If you own a bond paying a fixed interest rate, and then interest rates rise, it's better to be able to get your money back in one year instead of 10. Keep in mind that the shorter-term Treasury bonds will pay much lower rates: A 10-year Treasury note is paying about 2.1 percent. A one-year Treasury note is paying 0.1 percent.

Bayer says that investors who were used to the higher interest rates of previous decades will have to retool their investing strategies.

"That's the biggest mistake that investors are making right now," Bayer says. "What worked for the past decade is not going to work now."

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AP Business Writer Jonathan Fahey contributed.