Robert Kleinschmidt, long-time Portfolio Manager of the Tocqueville Fund and a well-known contrarian on Wall Street. He was bullish on stocks when every one was calling for the death of equities. He pooh poohed the effect the election and the fiscal cliff would have on the market. Now he has a very contrarian view of the Fed's unprecedented policy to keep interest rates low.
WEB EXTRA: Alternative Investment Hits and Misses
When Consuelo asked Kleinschmidt how he invests for his own portofolio, of course his number one investment is his own Tocqueville Fund. But then he elaborated a bit for this week's EXTRA. Ever heard of a salt water disposal well? Now you will, and, in addition find out why Kleinschmidt owns gold bullion too.
The Robert Kleinschmidt archive:
June 22, 2012
The Tocqueville Fund’s self described “authority resistant, independent thinker” reveals where his contrarian, value approach is leading him to invest now.
April 1, 2011
Robert Kleinschmidt & Jeff Applegate
May 11, 2008
Three savvy investors will be on hand to discuss their strategies with WealthTrack’s Consuelo Mack. Robert Kleinschmidt, Chief Investment Officer of Tocqueville Asset Management runs some top-rated stock funds. Bob Shearer manages the BlackRock Equity Dividend Fund and the BlackRock Natural Resources Trust. Kevin Landis is a veteran portfolio manager focusing on technology including clean energy.