Robert Kleinschmidt: Wall Street Trouble Maker

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.

Robert Shearer

SEARCHING FOR GOOD DIVIDEND STOCKS

Why not all dividends are created equal.   Robert Shearer, lead portfolio manager for BlackRock’s Equity Dividend Fund explains why some dividends are better than others and where he is finding the best in growth and income.

WEALTHTRACK Episode #946; Originally Broadcast on May 10, 2013

WebEXTRA

WHAT'S HAPPENING IN A PRO'S PERSONAL PORTFOLIO? Consuelo often asks her guests what they are doing in their personal portfolios, aside from investing in their own funds, that they might like to share with us.

Charles Ellis

An exclusive interview with Financial Thought Leader Charles Ellis about “what it takes” to be the best in the business. Ellis shares fifty years of wisdom learned from advising firms and governments on where to invest, and has applied his 50 plus year of experience in his new book,  What it Takes :  Seven Secrets of Success from the World’s Greatest Professional Firms.

ACTION POINT 

READ WHAT IT TAKES

KNOW WHEN YOU ARE A CUSTOMER OR A CLIENT 

• As a “customer”, up to you to decide to buy a product or not
• As a “client”, a firm should put your interests first and act as a fiduciary

Charles Royce

An exclusive interview with small-company stock pioneer Charles “Chuck” Royce. The Royce Fund’s Great Investor shares his forty years of lessons learned in the markets, what’s changed and what still works for long-term investment success.

Gold and the Markets: An Exclusive Podcast with Nick Sargen of Fort Washington Investment Advisors

The recent dramatic decline in the price of gold could have far reaching implications for global markets and investors.  In this exclusive WealthTrack conversation Consuelo Mack asks veteran international  economist and global money manager,  Nick Sargen, the Chief Investment Officer at Fort Washington Investment Advisors for his assessment, covered in his recent report, Implications for Falling Gold and Commodity Prices [pdf].

Ben Inker: The Next Generation of Financial Gurus

Every week on WEALTHTRACK Consuelo asks our guests what would be their recommendation for the One Investment for a long-term diversified portfolio.   Ben Inker, co-head of GMO Asset Allocation Team and a protege of the legendary fund manager, Jeremy Grantham, and our guest coming up this weekend, recommends that a good place find solid stocks is to choose one with a rating of "A" and higher from the list of S & P 100 U.S. companies.

For our subscribers this week, we have taken this recommendation one step farther and have identified the 59 companies that are rated AAA through A for you.  Pick wisely!  

ONE INVESTMENT

High quality U.S. stocks

“Well, we do like the high-quality stocks in the U.S.  It's one group that you can buy and not have to worry too much about what happens to the global economy.  I think the expected return through European value stocks are better, or emerging market stocks are better, but there are scenarios where those turn ugly.  And the nice thing about the high-quality stocks is that they're priced to do okay, and they should do okay even if we go down one or the other of the difficult paths.”

- Ben Inker  

ACTION POINT

RECOGNIZE THE VALUE OF CASH IN YOUR PORTFOLIO

Cash:

• Protects portfolios from losses  
• Provides buying power when assets get cheap again