Here’s a round up of what investment advisors are saying today:
- Marc Faber advises buying stock in gold explorers backed by giant gold companies:
Faber currently owns Ivanhoe Mines Ltd., NovaGold Resources Inc. and Gabriel Resources Ltd. because explorers will gain the most as bullion rallies. Commodities will be the first assets to rally when growth returns after a credit collapse led to the worldwide recession, Faber said. Gold explorers backed by larger miners are less expensive than bigger firms and have the financial support to stay in business should the economy worsen, he added. [Remember, this might be a long-term play; Faber thinks we might not get out of this depression for many years.]
- Greg Donaldson points out that the following eight companies have actually recently increased their dividends: Coke, Sysco, Colgate, Kinder Morgan Energy Partners, Abbott Labs, FTL Group and Chub. On a similar tack, eChristian Investing says that the companies with the safest dividends are Coke, United Technologies, McDonald’s, 3M and Merck.
If you hear of any investment advice which you think is good, please post a comment. This roundup may be updated periodically, so keep checking back.
I am not commenting on who – if anyone – I think is right and who I think is wrong, but only summarizing what some of the top advisors are saying. In addition, you should check the links to make sure that the information contained herein is accurate, and to read any price or timing recommendations (concerning when to buy, sell, or short) of the advisors.
I am not an investment advisor and this should not be taken as investment advice.