Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.
"My top investment recommendation for 2009 is the SPDR S&P China ETF (NYSE: GXC)," says Mark Salzinger, exchange-traded fund expert and editor of The Investor's ETF Report.
"I recognize that this is an aggressive, risky choice. However, the Chinese economy boasts some impressive strengths, and, after falling by at least half in 2008, Chinese stocks are trading at very low valuations.
"China has approximately $2 trillion in U.S. dollar reserves, which it can use to buttress economic and political stability in the country. Also, even with a much reduced economic growth rate in 2009, China still will be a huge importer of oil and many industrial commodities.
"That means China will benefit greatly from lower prices for these products, some of which have lost two-thirds of their value just since May 2008.
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