Picks of the Day: Gold and Alternative Assets

Ivory Johnson, Scarborough Capital Management:
Sticking with alternative assets. It was a genius pick in January and February, a buffoon pick in March and April. We’ll find out soon about May. The good news is that portfolios with a reasonable allocation in alternative asset classes had the same returns with a lot less risk than those allocated in equities, which helps you breathe a bit easier.

Ron Carson, Carson Wealth Management:
Go for gold. Gold stocks still have a long way to go between the massive stimulus and the weak dollar. A good way to get into gold is the Oppenheimer Gold & Special Minerals Fund (OPGSX) which has veteran managers, a great strategy and lets you diversify within the sector.