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Prosper from your investments

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    Dr. Jerry Webman discusses his new book 'MoneyShift: How to Prosper from What You Can't Control'

  • Duration 4:31
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All right we're joined now by doctor Jerry wed -- in chief economist at Oppenheimer Funds nearly new book out.

Telling us how to prosper.

In a tough economy and bridges looking at the stock market today at the past couple weeks actually you need Dramamine one day way up one day.

Way down week we got rid of all those triple digit moves and I'm afraid.

You have the very beginning of the year or so -- -- what is going what should investors do how we write out.

-- markets well.

You what -- you write out the market it's not a different story from what we've heard in the past you've got to find the places in the world where there's innovation.

Where there's real economic growth and then ask yourself.

How -- gonna find.

The companies that are building businesses based on where there's real growth in the world it's not where is -- -- story well there are a couple of growth stories actually one of the course the growth story everybody knows about her -- rapidly growing markets with the demographics are positive the natural resources are positive.

There's been a change from from more control -- more open markets where wealth can be created for lots of people but.

Don't forget about us what is China one of those markets are -- -- that we -- can hold China's so here's the book I wanna make sure we show it.

The well it might not only still are like that what -- I would help pay as -- -- -- -- I don't -- be the only stage prop here.

-- Did you know.

China yet it's complicated because China as -- as a stock market is a place for where investors should be very careful.

Watch what they're investing in high these selected well here's a good reason.

Most of the large companies in China have a very heavily if not majority ownership by the state by the government.

So if you want the Chinese Communist government to be your largest partners investing then you know that a lot of the big cap Chinese companies are great investments.

There are a lot of other companies that are more oriented toward the new.

Chinese consumer and help -- are much more interest in for for investors here and elsewhere.

Interestingly not all those companies are going to be Chinese companies.

Some of whom we have to remember that China is slowing down big time in the world's number two economy definitely stepping on the brakes we saw this morning -- their manufacturing data.

John once again you don't want I would say no I'm not Wear -- -- yes 49 so but but be careful.

This is not stepping on the brakes so much is taken their foot off the gas China and -- really are definitely -- 12% you are a 100% right.

They wanna grow with -- doesn't 9% now -- just put you would you be happy kids 78% here.

And we think we word we will home -- look at what about Brazil.

Or rush -- India well you know again we're not talking about.

I want to invest in India or Brazil.

I'm talking about investing in companies that can make money in Brazil or India many of those are going to be domestic companies -- any of them won't -- Many Indian companies in many Brazilian companies are really didn't making money in making money in a -- the world.

So those are those are -- much more interest income growth stories real challenges Brazil India.

Indonesia Malaysia South Africa Peru there are some very interest -- says there's -- growth around the world.

Right and how should an investor at let's say here in the US as they watch the turmoil unfolding Europe's -- officially in a recession problems in.

The nether lands now we have this election French controlling -- that you can and we've seen Europe affect US company right.

How do we navigate what we can will.

What -- the most important thing is to figure out what your own investment structure should look like what your own needs to figure out well you know.

The real kind of know what we just don't sit and write about it.

What money going to need to spend next week what money next month what things must I spend money on what things like hope to spend money like that's something you should do with the financial planner have we read your book -- don't know how to do it.

I think if you read your book my book you'll recognize that's how you might think about doing it most of us need a financial planner to give us the discipline to think it through.

But you know.

Many of us like to do it on around that you do need to structure.

Your needs and hopes.

Before you start fiddling around with investments.

Are -- -- leave it there do you have something that.

You know I think that thing that people need to recognize is that don't get panicked by that politics.

Make sure you've got an investment plan the work through long he's had a long term yet it's an marathon not a sprint 888 is so much for joining pleasure it is nice to meet you have added that look forward to -- -- reckon.

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