After the commodities, and hard assets more generally, suffered through several tough days, they roared back strongly today. These wild price swings are of concern as a key objective of ours is to avoid big portfolio losses. We're trying to accomplish this through broad diversification, a preference for dividends, and a penchant for hard assets. Here's my mid May resolution: at the end of each month, pay more attention to portfolio volatility.
Given my view of the world, our favorite investment has to be the Permanent Portfolio (PRPFX) managed by Michael Cuggino. He appeared recently in the Market Watch video below. The segment was titled "How to React to Global Crises: Be Prepared". It is interesting to hear Michael provide some rationale for how he structures PRPFX.
No comments:
Post a Comment