Book description
The world has changed and so too has investing. The market is shell
shocked and yesterday's momentum stocks are today's slow-motion stocks.
But in the new reality of low-growth investing, commodities are hot and
getting hotter. A rapidly industrializing and urbanizing Asia will be
demanding lots more copper, zinc, iron ore, coal, fertilizers, gold and
oil to transform their societies. Commodities are
it
and that's great news for investors who want to profit from the next
great bull market in commodities. In fact, commodities may be about the
only asset class that is likely to outperform the broad market in the
future.
Although they are without a doubt important to the global
economy, commodities are among the most misunderstood of all asset
classes. Stocks, bonds and real estate all have legions of followers
and plenty of experts agree on their importance within an investment
portfolio, but venture into the world of commodities and you are into
an area that's intimidating to the average investor, where suspicions
run deep and understanding is limited. As a result, commodities get
short-shrift in most investment accounts and investors miss out on
some important opportunities.
The Little Book of Commodity Investing is an indispensible
guide to learning the ins and outs of commodity investing. It's about
identifying opportunities to profit from the coming bull market in
commodities. It explains the benefits of commodities as part of a well
diversified investment portfolio; covers all of the major commodities
markets; what makes commodities and the companies that produce them
tick; why commodities sometimes zig and then zag; what to buy and when
to buy it; and why commodities are the next big thing.
Today's world is a very different world-a world where an
understanding of commodities is a prerequisite for investment success.
And The Little Book of Commodity Investing is the roadmap you
need to discover where the opportunities of the future lie, and what
to do about it.
John Stephenson is a senior vice president and
portfolio manager with First Asset Investment Management Inc., where
he is responsible for a wide range of equity mandates with a
particular focus on energy and resource investing. John is the author
of Shell Shocked: How Canadians Can Invest After the Collapse
and writes a free bi-weekly investment newsletter, Money Focus.
He is regularly quoted by Bloomberg News, Reuters and The Wall
Street Journal and is a frequent guest on Bloomberg TV and
Canada's Business News Network (BNN) and the CBC. He was recently
recognized by Brendan Wood International (BWI) as one of Canada's 50
best portfolio managers. John holds a degree in Mechanical Engineering
from the University of Waterloo, an MBA from INSEAD, as well as the
Chartered Financial Analyst (CFA) and Financial Risk Manger (FRM)
designations. He lives in Toronto.
