What stocks are good to invest in? Although some people are incredibly bearish on everything right now, some of us see opportunities everywhere we look. Emerging markets are a great idea right now for long term investors. The valuations are simply mouth-watering in China, Japan, Russia, Brazil and many other emerging markets. I’m looking for commodity based stocks, with little debt and strong cash flow…and I’m not the only one.

Jim Rogers is famous for his disdain of 29 year old Maserati driving investment bankers. He does however, like 29 year old Maserati driving farmers! Jim loves farmland and thinks that Canada is a great place for any redundant stock broker to go to learn to drive a tractor. He thinks that this area will be one of the best performing asset classes over the next decade or so…people have to eat…right?

I also love gold stocks. There are the big players, like gold corp and the smaller players like Silver Wheaton who have been hammered through forced selling. Both represent great value. However, the precious metal stocks have generally, as a class, underperformed the actual commodities in a big commodities bull market, which I believe we are still in. Even though the correction to oil, gold, silver, grains, industrial metals and agricultural commodities have been deep, the Chinese growth story is still in place and this should drive commodity growth further once the situation works itself out and the mal investment is cleared out of the system.

One area where Jim Rogers and Marc Faber are both uniformly bearish is the US. The economic issue isn’t with the economy, it’s with the government interference in the markets that causing the concern for these 2 outstanding investors. Both believe that the dollar is dead….and not many people have made a lot of money betting against Faber and Rogers recently. What stocks are good to invest in? Listen to Faber and Rogers…they’ve been more right that the central bankers for decades!