I rarely see something I think is an investment sure to pay off very well, meaning very low risk. I spotted a few today and so here are a few gems I bought today to hold long for at least five years. I’m not claiming you’ll make money on these during the recession, but once the economy starts to recover these should do really well.

I like the Chinese oil stocks because they have fallen to 5X to 8X (trailing) earnings. I like Brazil’s Petrobas because Brazil has announced a new major oil find off their coast, and PBR is still trading down at 8X earnings.

PBR: PETROLEO BRASILEIRO SA PETROBRAS SPONS ADR

PTR : PETROCHINA CO LTD

SHI : SINOPEC SHANGHAI PETROCHEMICAL SPON ADR

CEO : CNOOC LTD SPONSORED ADR

Now these below I also bought, but I’m not ready to claim them as “sure bets.”

My favorite of these is the iShares FXI. The Shanghai exchange fell to 1900 last night. It is difficult to imagine it could go much lower than say 1500. So I believe China stocks are now incredibly inexpensive. So is Japan, but who knows what’s going to happen next there! for God sake, Japan’s stocks fell another 10% yesterday.

CHL: China Mobile

FXI: ISHARES TR FTSE XINHUA HK CHINA 25 INDEX

JSC: SPDR RUSSELL/NOMURA SMALL CAP JAPAN ETF

Now, you wanna gamble with some pocket change?

Today you can buy Goldman Sachs much cheaper than what the world’s greatest investor (Warren Buffet) paid for it. Buffet knows that Paulson has 700B now to play with (of our money), and Paulson’s buddies over at Goldman Sachs (where he was once CEO) are going to get a lot of that 700B. This is a stock that was $250/share only a year ago