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Got gold? In this edition of StockWatch: Between the Bells, Thomas Winmill of the Midas Funds outlines his strategy for broadening your portfolio with investments in precious metals and foreign energy concerns.Echoing the sentiments of recent StockWatch contributors, Tom says we're currently in a bull market, and can expect growth to continue, thanks in part to recently lowered interest rates.
Tom recommends investors check into foreign equities -- he favors overseas energy companies like Hong Kong's CNOOC (NYSE: CEO), and EnCana Corporation (NYSE: ECA) of Canada. CNOOC manages China's offshore oil and gas exploration, and currently traded in the $160s, gushing up from around $100 in mid-August. EnCana is one of North America's largest oil and gas distributors, and trades about $20 higher than at the start of 2007.
Tom also urges investors to look beyond stocks and bonds, and suggests devoting between five and ten percent of your portfolio to gold and other precious metals.
If you enjoyed this clip, check out recent StockWatch interviews with MSN Money host and author Timothy Sykes and AOL Money Coach Hilary Kramer.
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Reader Comments (Page 1 of 1)
10-07-2007 @ 9:59AM
WhoseAskingU said...
Foreign investments and precious metals. What's that say about the US economy? We've outsourced all our jobs to foreign countries so now lets send our investment money to them? That'll really help our trade deficits and national debt. It's a bull market alright, full of bull.