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.

"My favorite conservative pick for 2008 is the FUNDX Aggressive Upgrader Fund (NASDAQ: HOTFX), one of DAL Investment Company's mutual funds," says Tom Bishop, editor of BI Research.

"This fund consists of 50 of the top-performing, no-load mutual funds and iShares with focuses all over the world. In fact, this fund currently has 82% foreign exposure and 18% domestic. So there is a lot of diversification here in one fund.

"And if you are nervous about a recession in the US, here is a good place to diversify away from being totally invested at home. Face it, in any given year there are often much hotter countries than the US.

"DAL's Upgrader Funds are constantly monitoring mutual funds and markets worldwide for the top performing countries and mutual funds and endeavoring to stay invested in whatever funds are performing the best, rotating in and out as necessary.

Each year Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Picks Report.

Taseko Mines Ltd. (ASE: TGB) is the favorite speculative play for 2007 from Tom Bishop, editor of BI Research. He notes, "After living hand to mouth for five or six years during lean copper and gold prices, Taseko bought the Gibraltar mine, which it picked up for a song when copper was down in the low $0.60/lb range.

"Today copper is around $3/lb, the mine is back into production and now its cash stash, including proceeds from a $30 million convertible, is steaming towards C$100 million. The company just added about 38% to its mineral reserves, which now stand at 256 million tons (equating to a 15-year mine life) grading 0.32% copper and 0.01% molybdenum.

Note the molybdenum alone adds over $20 million to revenues annually. The company is upgrading and expanding its Gibraltar mill/production facility, and will be moving to a higher grade softer ore part of the ore body in 2007. Therefore, with mill improvements I expect production to increase 20 to 30% this year and generate about $0.65 to $0.70 of cash flow, which is not bad for a company trading at $2.60.