My Investment Strategy For 2008
Agriculture, Gold/Silver, and Energy are the only three areas I will concentrate on in 2008. I am buying stocks that will demonstrate higher top and bottom line growth quarter, after quarter, after quarter. I will also say that I usually hold stocks for several quarters and sometimes make it to take long term cap gains. The longest I ever held a stock since I started trading in 2000 was Miramar Mining Corp. (MNG), held for 2.5 years and just sold after Newmont buyout. I also hold 12-15 stocks max so I can really concentrate on them.
Reasons for the Agriculture, Gold/Silver, and Energy areas are:
- The US Dollar will decline more.
- Grain inventories are at 30 year lows, grain prices are at record highs AND FOR THE FIRST TIME EVER, these high prices can be contracted for several years into the future.
- The B.R.I.C. growth will continue to consume massive amounts of food and energy.
- Inflation will accelerate due to the massive global money creation currently underway.
- Real Estate is toast as any kind of an investment for many many years. Money will not go into real estate and money coming out of real estate will find ag, metals, and energy.
- The financial sector is in serious trouble and will not recover in 2008. "The Broke and the Broken".
- Gold and Silver will be reserve currencies in the future.
My stock picks will be public in PSL8 and Hank's contest.
The VMC Boards are at the core of my investing strategy and I am grateful to be part of this group.
Good luck to all of you in 2008!
Kipp
