Our top six forecasters' New Year predictions

They were right about fine wines, Canada, soft commodities, 'virtual land' bought on websites such as Second Life and more last year. So what do our top six forecasters predict for 2007?

The future is utterly unpredictable. Every year the world's financial experts have a go at forecasting it and almost every year they are mostly wrong. However, we have more faith in the predictive skills of the MoneyWeek experts than we have in most. Last year, they told us fine wines, Canada, soft commodities, "virtual land" bought on websites such as Second Life, a selection of Japanese tech stocks and water stocks would be the best places for our money in 2006. This turned out to be pretty good advice: even the worst of the suggestions the tech stock selection was up nearly 10% on the year.

So what do our crystal-ball gazers say now? Sven suggests buying into the Russian consumer boom; Dan's placing his bets on the energy sector hooking up with private equity to make fortunes all round; and Peter Warburton tips the German market as being one of 2007's best buys. Closer to home James, Tim and Paul all expect market corrections, but offer different strategies for dealing with them.

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.