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Kit, long puts in a 90/10 system. As far as straight longs go, nothing is a good hedge in every dollar crashing scenario. Gold does well in some, not in others. Ditto for oil, real estate, foreign stocks, etc. So, what I am doing is concentrating on non-US income plays, short term US income plays and foreign currencies via call options. Selected foreign closed end equity funds (SWZ, GER and GF look like the best choices here) are a good idea with a smaller amount of money And I also hold small amounts of gold, platinum, diamonds, small biotechs, and special situations. With forty percent of my money, I go for the long put 90/10 portfolio. |
