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      09-29-2008, 07:04 PM   #1
T Bone
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Question Sector or Stock recommendations?

Good buying opportunity right now....any one got some ideas?

I am pretty diversified right now with mutual funds, which means I am down across the board but looking for specific buying opportunities.

Just want to hear some feedback from a non-traditional source
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      09-29-2008, 07:17 PM   #2
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Gold. Buy NOW
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      09-29-2008, 07:26 PM   #3
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Stay away from equities....they will lose more.....it is now time to invest in hard assets....gold, silver, platinum....commodities will be huge!

Its all an illusion, hard assets never change value, only the currency they are denominated in does. Gold is gold, silver is silver.

You can by 1/10 of a Troy ounce on the NYMEX...symbol GLD.
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      09-29-2008, 07:35 PM   #4
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      09-29-2008, 10:36 PM   #5
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Go with the Cdn banking sector. They have a monopoly on all of us, they are stable and not exposed at all compered to the US.

Strong dividends and consistent performance. They all do well too. Not 14% strong but consisten 6-7 % and just keep ticking.

RBC, CIBC, TD
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      09-29-2008, 11:51 PM   #6
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someone please to explain how to invest in gold? I am unfamiliar with how investing in gold works. I mean if everyone is investing in it, as they should be according to what ive been reading, how can anyone benefit from it? What am i thinking of here...efficient market hypothesis. This applies to debt and equity, but does it apply to commodities as well?
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      09-30-2008, 12:18 AM   #7
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you've got to diversify your bonds

sorry couldn't help it
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      09-30-2008, 10:40 AM   #8
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Quote:
Originally Posted by sparkyg View Post
Go with the Cdn banking sector. They have a monopoly on all of us, they are stable and not exposed at all compered to the US.

Strong dividends and consistent performance. They all do well too. Not 14% strong but consisten 6-7 % and just keep ticking.

RBC, CIBC, TD

Thanks, I have a strong position on these banks already.....

I am considering gold
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      09-30-2008, 10:44 AM   #9
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Quote:
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Thanks, I have a strong position on these banks already.....

I am considering gold
r u looking to buy and hold or trading...
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      09-30-2008, 10:54 AM   #10
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r u looking to buy and hold or trading...

Long....thinking about ABX
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      09-30-2008, 10:54 AM   #11
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I would also look at some distressed debt funds: in many cases these have been too aggressively marked w/ OK pools that are priced as if 50%+ of the underlying pools of RMBS (Alt-A pools yielding in the teens and discounted over 30%). That's why some experienced managers like BLK have set these up.

If you know what the ABX-HE-AAA is then you are on your way.

Companies w/ lower leverage, good cashflow and generally higher-quality balance sheets will come through this OK.

I would be underweight global cyclicals in materials until we see the global macro deceleration play out into 2009.
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