For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.
"The commodity bull market has a long way to run, powered by explosive growth in the BRIC (Brazil, Russia, India, China) countries," says Sean Broderick, resource stocks editor for Money & Markets.
"My top conservative pick to play the broad commodities bull market is the broad-based exchange-traded PowerShares DB Commodity Index Tracking Fund (NYSE: DBC).
"As an ETF, it is like a mutual fund. However, ETFs usually have lower costs than a mutual fund and you can buy and sell an ETF throughout the day, whereas a mutual fund trades once a day.
The PowerShares DB Commodity Index Tracking Fund has a long name but a simple idea -- the fund invests in commodities: crude oil, heating oil, aluminum, gold, corn and wheat. DBC invests in that basket of commodities by purchasing futures contracts. It rebalances annually to 35% crude, 20% heating oil, and 10% to 12.5% of the other four."
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