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Summit founder highlights market opportunities

Opportunities exist for those who are willing to diversify their portfolio and adapt to the volatility of the markets, according to the founder of the Global Financial Summit, which took place at Atlantis Paradise Island last week. 

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TheBahamasInvestor.com
Monday, February 6, 2012
Monday, February 6, 2012

The market is rife with opportunities for savvy traders despite the financial downturn, according to economic expert Mark Skousen.

Skousen, who founded the Global Financial Summit, which took place at Atlantis Paradise Island last week, said traders could strengthen their porfolios through targetted investments in growing sectors.


Natural resources such as copper have potential, according to the professor, who is a former president of the Foundation of Economic Education.

“The mining industry is in a much better position to make money for shareholders,” he explained.

Skousen’s other tips included the energy sector, real estate, foreign stocks and bonds and financial stocks.

“Mid-Western banks seem to be the place to be, the sweet spot, when it comes to investing,” he told attendees at the summit on Friday last week, emphasising that opportunities did exist for those who were willing to diversify their portfolio and adapt to the volatility of the markets.

“We have some real winners here. If you diversify your portfolio you are going to do really well.”

Skousen also attempted to allay fears over the financial crisis in Europe, saying: “The market is tired of [the downturn in] Europe. It is not dropping any more. There is not the panic selling like there was in the past.”

“I am optimistic. I consider myself a survivor in this business and my goal is to go with the signs of the times.”

cboal@dupuch.com

Senator John Delaney issued the Attorney-General's Report 2011 on Wednesday this week. The report includes a review of 2011, as well as enacted legislation. Download a PDF of the report here.

Small international financial jurisdictions must be proactive and ready to implement recommended changes, an international expert told local wealth managers attending the International Business and Finance Summit hosted by the Bahamas Financial Services Board (BFSB). Pictured is Bruce Zagaris, a partner with Berliner, Corcoran & Rowe.

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