If you're worried that next week's midterm elections could further cloud an already-uncertain investment landscape, take a page from the investment playbook of Money Morning's Keith Fitz-Gerald: Position yourself to profit no matter which party wins on Tuesday.
During an interview with Fox Business Network journalist Stuart Varney yesterday (Tuesday), Fitz-Gerald detailed three strategies that will afford investors both safety and significant profit potential - whether the Democrats or Republicans carry the day.
First and foremost among the three: Protect your holdings.
As basic as that sounds, it's easier said than done.
"No. 1, I think that investors need to be concerned about preserving their wealth," Fitz-Gerald told Fox Business viewers. "The dollar, overall, is getting weaker, and the federal government has made it clear with quantitative easing that it wants a weak dollar, that it wants to win the 'race to the bottom'. So things like gold and silver - and even things like rice, and wheat and corn - are all good choices right now."
[Editor's Note: Money Morning Chief Investment Strategist Keith Fitz-Gerald, one of the shrewdest investors in the marketplace today, has maintained a perfect record with his Geiger Index advisory service. If you missed out on all or part of that run, don't despair: Subscribers to his newest service, The MicroQuake Alert, will be able to benefit from Fitz-Gerald's insights. To find out more about MicroQuake, please click here.]
For more specific recommendations, check out Fitz-Gerald's new advisory service, The MicroQuake Alert, by clicking here.]
News and Related Story Links:
- Fox Business Varney & Co:
Video of Interview with Money Morning Chief Investment Strategist Keith Fitz-Gerald - MicroQuake Alert:
Official Website - Money Morning News Archives:
QE2 (Quantitative Easing/Round 2) - Money Morning News Archives:
Articles by Keith Fitz-Gerald - Money Morning Special Report:
Despite Record Gold Prices, Your Holdings May be Worth Less Than You Think - Money Morning Metals Investing:
Money Morning Mailbag: When Investing in Precious Metals, 'Physical Metal' Isn't Always Better - Fox.com:
Stuart Varney Official Bio
About the Author
Before he moved into the investment-research business in 2005, William (Bill) Patalon III spent 22 years as an award-winning financial reporter, columnist, and editor. Today he is the Executive Editor and Senior Research Analyst for Money Morning at Money Map Press.