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-- -- With the Dow back in the green up a 111 points right now may I just add the volatile market showed no sign of calming down in the near future.
Joining us now the best ideas for making money amid the -- -- -- Coby is co-founder of CIO at Kobe lands and capital management.
And Greg Merlino is foundered president.
-- -- wave financial services good to see above -- first do you.
Because we're just talking about -- and and you think that things are so bad that they're pretty much nowhere else to goal right now does.
If you think the way you do I imagine you're buying and a day like today when it's down twelve dollars an ounce.
Well absolutely gold is in a long term.
And in the long term secular bull market gave you buy -- and that is exactly you by any specific if you can run.
Well absolutely we -- GG that gold record gold corner.
It is highly correlated to the price of gold.
And we believe that -- court his -- The rising price of gold and is gonna start to catch up and rise we also like great basin symbol GBG.
Great basin is an asset rich company on a fast growth track.
We think its stock of more than doubled this year alone and finally we like new -- -- similar and GB.
You hold stock has collapsed 80% from last year the new gold has over 200 million dollars in cash.
A fantastic management team they just reported a great quarter we also think that Google stock could more than double in 2009.
All right let me take the shine off at least some of the feeling out there with Greg who by the way I want everybody -- was said.
Greg says investors are setting themselves up David are you ready for -- or wealth extermination.
-- -- significant yeah.
What's behind that well extermination does that mean that they're not properly position.
For what's to come and how should they position themselves.
Well -- what's disturbing is that for many people.
They're setting themselves up for just -- dismal period of time and it's not because there.
Getting ready to stay in the market this because they've already fled the market.
We've just gone through -- a ten year rolling period from 1999.
Of negative returns in the S&P 500 and negative one point 6% per year.
That hasn't happened in seventy years we've also just had the worst January on record.
What's happening is people are scared.
And they want to get out and get out.
While things continue to look poor.
I think that's the worst thing they can do and we're seeing it with 401K investors for example.
They are contributing what they should be nowhere near what they need to.
And they've reallocate it out of equities and into.
As stable value funds in money market accounts.
That's going to be devastating when they get ready to retire and look at -- states that aren't nearly where they should be.
So as an advisor what we do -- have to educator -- and say look.
Things aren't going to stay this bad forever now's a great time to get back into the market where.
Well there's a couple areas that we like one is the and it that's intriguing to us is infrastructure.
President Obama's committed -- greatest investment in our nation's infrastructure.
Since president Eisenhower.
Is set up the interstate highway system fifty years ago.
But the great thing is this is -- only a local phenomenon it's a global phenomenon.
And especially in countries like China and Germany.
And one of the funds that we think is well positioned in this area is Kensington global infrastructure.
Kate GIA acts.
All right guys we got to leave it at that we gave you suggestions good stuff run -- Greg -- good to see you both thanks very much.
Thank you very much for.
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