Friday, March 20, 2009
It strikes me as a bit funny (and misinformed) these days to hear people say that "buy and hold" is now dead - that, somehow, everyone has to be a nimble trader and occasionally take short positions, rarely straying from the familiar broad equity markets.
Obviously, these people are not "buying and holding" the right assets because, so far this year, you could have done quite well in a long-only mostly non-stock portfolio as shown above.
For some time now, the model portfolio at the companion website Iacono Research has had a heavy weighting of gold and silver bullion along with a large cash position and some mining stocks, however, that is now changing. Other natural resource categories are in the process of being rebuilt after a raft of sales last year (not everything was held during the 2008 melt-down, but most of it was) and it's shaping up to be an exciting year.
So far, so good in 2009.