Despite a 46% gain since adding iShares MSCI Brazil (NYSE: EWZ) to his portfolio, global expert Keith Fitz-Gerald still sees upside potential. Here's the latest from Money Map Reporter.

"History tells us that the best gains come to those who have the courage to buy undervalued companies in the face of extreme pessimism – and that sounds a lot like right now. So while we may not be at the very bottom, we are nonetheless pretty darn close.

"Throughout the credit crisis, we've focused on Kinder Morgan Energy Partners, LP (NYSE: KMP) -- and we've not been disappointed," says Keith Fitz-Gerald in The Money Map Report.

"With the economy in the toilet and prices in the hopper, the notion of going 'long' energy right now might seem like a move that will lower our portfolio returns over the long haul. Not true. In fact, now's precisely the time that you want to establish or add to an energy position.

"Energy is not only an ideal hedge against rough markets, but more importantly, as I have noted repeatedly in recent months, one of the most concentrated upside opportunities available today.

This post is part of a 12-article feature that can be read here: Today's best income ideas.

"The markets are littered with compelling buying opportunities that may be the best we see in a generation," says Keith Fitz-Gerald.

In The Money Map Report, he looks at a trio of income ETFs -- one focused on Treasury inflation protected securities, one invested in muni bonds, and one that buys high yield corporates.

"We are holding three positions in our portfolio which we believe can be bought with new money. First, we suggest iShares Lehman TIPS Bond ETF (NYSE: TIP). The 10 year TIPS' yield is 2.23% versus 2.40% for 10 year Treasuries.

This post is part of a special report, A Dozen Ways to Play an Obama Building Boom.

"The world is focused on an infrastructure buildout, and one of the best ways to capture that trend is with Zurich-based infrastructure giant ABB (NYSE: ABB)," says Keith Fitz-Gerald.

In The Money Map Report, he explains, "We've been recommending the stock throughout this crisis; and while its up 50% off its low, we believe the best is still to come."

"Chances are you'll be hearing a lot of talk about it in the years to come as governments around the world initiate massive domestic fixed asset programs to create jobs, and improve critical services such as power distribution.

"President-elect Obama is focused on infrastructure while China's $586 billion stimulus package is also aimed at infrastructure building.

"World leaders recognize that the one thing they need, that they can't afford to lose, and that their people can't do without, is power. And lots of it. And one of the best ways to capture that is with Zurich-based ABB.

"Investors should not forget that we tend to have the best news at market tops and the worst news at or near the bottoms; that means that a rising tide of bad news is an important part of the bottoming process," explains Keith Fitz-Gerald.

Emphasizing the need for patience in the current environment, the editor of The Money Map Report is maintaining a diversified portfolio including several quality income-oriented positions from Nuveen, PIMCO ad Vanguard. Here's a trio funds for safety and income.

"Nuveen Quality Income Municipal Fund (NYSE: NQU) seeks current income exempt from regular federal income tax. A lot of folks are fleeing munis right now because they're fearful of the credit crisis and an anticipated wave of municipal defaults.

"What makes NQU appealing is that it concentrates substantially all of its assets in a diversified portfolio of AA federal tax-exempt investments, which gives it an added safety cushion. Right now the taxable equivalent distribution rate is 9%.

"And don't forget: Right now it's selling at 7.97% below its net asset value. This gives us a super way to potentially achieve over 16% this year. That's especially appealing given how the markets are behaving lately.

"There are signs that the credit logjam that's frozen markets around the world in recent weeks may be breaking," states global expert Keith Fitz-Gerald. In his Money Map Reporter, he suggests that investors begin scaling in to new positions in Templeton Emerging Markets Fund (NYSE: EMF).

The advisor explains, "Assuming historical relationships remain true, Asian markets, followed by South American and European markets -- in that order -- have the most to gain coming out of this crisis.

"The other thing that history shows is that deep corrections tend to turn out to have been spectacular buying opportunities in retrospect, particularly when the credit markets that drive them relax. This is usually about six months prior to recognized recoveries.

"Templeton Emerging Markets Fund is trading at a 12% discount to net asset value and offers a 16.9% yield. Fully 58.2% of its assets are concentrated in and around the Asian region, which is running the highest cash reserves as a percentage of GDP on the planet.

"We plan to scale into a position in Templeton Emerging Markets Fund over the next few months. This not only keeps our overall risk down, but it helps us average in cost effectively."

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"We're taking a hard look at municipal bonds," says Keith Fitz-Gerald. In The Money Map Report, he adds, "Our favorite play is Nuveen Quality Income Municipal Fund (NYSE: NQU).

"If you have been thinking about putting some new cash to work, now's a great time to do so. In general, municipal bonds are about as cheap as they've been in decades.

"Munis are really very simple instruments. When most states, cities or even counties engage in large-scale construction projects, they typically issue debt in exchange for the money they need in the form of a municipal bond.

"Because the Fed considers them tax-free instruments, munis with lower rates can actually equal far higher taxable yields. For instance, a 3%-to-5% tax-free note can be equal to a taxable one of 5% to 7% under normal circumstances, particularly for investors in higher tax brackets.

"But these are hardly 'normal' times. Especially when you consider that many munis are actually paying more than taxable treasuries at the moment.

"Our favorite play is the Nuveen Quality Income Municipal Fund, which is paying a juicy 5.60% tax free at a time when 10-year treasuries are offer a taxable 4.10%. Put another way, in order to equalize the two, we'd have to find a taxable yield of 7.82%.

"The Dreamliner is set to become the most significant new product to hit the airline industry in decades," says Horacio Marquez.

The contributing editor and emerging markets specialist with The Money Map Report states, "Of course, the company that's making the dream machine is Boeing (NYSE: BA), which is consider as compelling an investment as I have ever seen."

"In the world of manufacturing, there's nothing more powerful than a technological leap and right now there's something similar going on in the commercial airplane market.

"Airlines are facing some stiff demands. First, passenger traffic and cargo loads are projected to soar, as are the number of long range flights. Yet soaring oil costs are pressuring carriers to cut back on fuel. Second, carriers are also being pressured to slash carbon emissions and to achieve quieter takeoffs and landings, especially as metropolitan areas become even more congested.

"For jet manufacturers, designing a commercial jet that can do these two critical things is no less a technological miracle than the cell phone was 15 years ago. And Boeing is on the verge of making it happen.