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Top Picks 2007: Weiss offers "Prudent" play on global income

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.

Prudent Global Income Fund (PSAFX) is the favorite conservative idea for 2007 from Martin Weiss. The editor of Safe Money Report explains, "The dollar started falling sharply late last year, stabilized a bit this past summer, and is now getting shredded again.

"The main reasons are that we are running gigantic trade deficits month after month after month, and that we owe more to foreign creditors than at any time in history. In addition, our economy is sliding -- while others around the globe are powering ahead.

"This is a big deal in the currency world. International portfolio managers are constantly shifting funds to economies with stronger growth and higher interest rates. If U.S. rates come down a bit -- or even remains flat -- while rates overseas climb, these investors could pull out of the dollar in droves.

Continue reading Top Picks 2007: Weiss offers "Prudent" play on global income

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Last updated: November 11, 2009: 09:16 PM

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