Yes, FAZ was a bust.
I hold gold, long bond Treasuries (hedged via TBT), cash, CAD via FXC, the Swissie via FXF, one gold miner (NGD), a Canadian independent oil producer (TLM), the natgas producers ETF (FCG) [wouldn't touch UNG with a stick], an oil royalty trust (PWE) and a basket of commodities via RJI.
In other words, commodities, oil, natgas and gold as well as hard currencies with a double-somersault contrarian hedged bet on the long bond.
All long term holdings. Up appx. 17% YTD. I know, I know, I could have done better in equities. My sleep patterns would have suffered, however. I am thinking about deploying cash into more 'stuff.'
'Stuff' makes the world go around, greases the bearings, keeps you warm, feeds you, moves you from continent to continent, etc. Heck, even Jay deals in it.
I am not in equities for a variety of reasons, some of which I think I barely know but feel via intuition. They include the fact that I think that the ongoing rally will be evaporate like a light morning fog once the markets recognize that banks are still behind the eight-ball, that all aspects of RE are still dicey and that the incredible amount of manipulation and high speed front running engaged in by the Big Boys makes it impossible for the hoi-polloi like you and me to exercise decent judgment about individual shares.
No, no equities per se except for TLM and NGD. |
