Evaluating Managed Funds

[wildwood]

Hi Ed,
I skimmed this thread without reading every word. Here are my thoughts: 1.) Consider having some exposure to commodities and/or natural resoures. They are in a multi-year strong uptrend. Historically this has not been good for general stock equities 2.) We are due for a multi-year bear market and it will be global. There will be very few places to hide. Some great buying opportunities will emerge, but much later in the decade. Bonds will again become known as certificates of confiscation just as they were in the 1970's. With a fiat currency and printing press, there will not be any defaults on Treasury bonds, but there may be a devaluation of the dollar and/or a serious inflation which transfers wealth from creditors to debtors. (government being the biggest debtor therefore the biggest winner) These senarios tend to always end badly and then the phoenix can rise from the ashes. Then it will be time to buy stocks and bonds again (when nobody wants them).

Every word in this post is my humble opinion. Not investment advice. Due your own due diligence. I don't come to twoplus two much anymore, but I read your books and enjoyed them so I offer what little I know in return.