They offer access to hedge funds with much smaller minimums to further "diversify portfolios".
Diversification is the last refuge of the scoundrel. -- Jack Bogle
Every time we yearn for something we cannot afford, we grow poorer, whatever our resources. And every time we feel satisfied with what we have, we can be counted as rich. -- Alain de Botton
\My main question is, what are everyone's thoughts on diversifying their bond holdings among different types of bonds?
Obviously some economists do believe it is possible to predict busts.
coachz:coachz wrote:I have read it (Four Pillars of Investing).
Do not read any more magazine or newspaper articles on finance, and, whatever you do, do not watch Wall Street Week, Nightly Business Report, or CNBC.
Why is it that you want to keep your finger "on the pulse" of world financial markets?