Pape Picks 2010


Have you thought about where to put your investment dollars in 2010? Here are some picks from financial guru Gordon Pape from the 50Plus website.

Number one: Energy. Assuming the world continues to emerge from the recession, demand for oil is going to increase. And even though we’ve already seen a big rally in the sector, all of the major companies are still well down from their highs.

Pape says quality mining stocks will also perform well for the same reason.

And ditto for financials. The financials index is ahead nearly 40 per cent from its lows, but here again the heavyweights are still trading below their 2008 highs.

Pape expects better performance from consumer discretionary stocks , and he likes Canadian Tire, Tim Hortons, and Thomson Reuters.

Commercial real estate is recovering, and Pape says the Canadian market looks healthier than the American. In this sector he likes Brookfield Asset Management, and First Capital Realty.

Pape also recommends selected income trusts. On the negative side, he says the party is over for most bonds.

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