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It's a tough time for an investor to find the way to prosperity, but Doug Cliggott says it just might be found along the food chain.
He's also very specific about where prosperity is not likely to be found.
"Avoid areas where you need lots of credit growth to make it work," Dover Management's chief investment officer told CNBC.
Recommendations:
So where can you go without worrying about credit growth?
"The extreme ends of the food chain," Cliggott said. "No pun intended. Wal-Mart [WMT
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], Costco [COST
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], where you're going to go and buy it, because they just put a toll on everything that goes through the cash register.
"Then, I would focus on things like Deere [DE
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], that are selling the farmers the equipment to be more productive."
Disclosures:
Disclosure information for Doug Cliggott was not immediately available.
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