Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: ild who wrote (241178)	5/18/2003 4:51:55 PM
From: Tommaso	Read Replies (1) of 436258

>>>Why do you think 10 year note doesn't see your inflation/lower dollar?<< Lack of prescience. It's the 1960s all over again (in some ways). Brokerages are pushing "safe" bond funds for people dismayed at their break-even money market rates, without making it crystal clear that higher interest rates in the future spell shocking losses in bond principal, especially if the dollar is eroding and if inflation rises. People who never understood stocks cannot even understand the simple arithmetic of bond yields and prices. However, the people who do well over the next ten years will probably be hard-working owners of businesses that are in a position to pass along any increased costs to customers and clients. Not a bad class of people to be newly privileged. As an investor, I am keeping our family holdings (the ones we can control) spread roughly as follows: 10% precious metals; 30% energy, especially Canadian energy trusts; 25% TIPS; 20% short positions on the stock and bond markets; and 15% foreign bonds. Some of these are leveraged positions (mainly LEAP puts and calls). No debt whatever and lots of insurance.

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