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<p>[QUOTE="yankee doodle, post: 2662961, member: 81569"]Rono, you make a lot of sense of how to protect one's cents. Similarly, I like to take the ''4 seasons'' approach to investing. Each of the seasons (bull, bear, inflation, deflation,etc.) will dutifully arrive. But unlike the climate, they will appear in no sequential order nor for any predicable duration. Therefore, one must have a comfortable yet functional ''wardrobe'' to properly dress their portfolio regardless of the present day temperature/season b/c tomorrow could change on a disme. Therefore, with this approach, one cannot only survive but thrive in any hurricane, drought, blizzard or balmy day and not have to rely on the T.V. weather/financial news for direct guidance. So balance the RISK of the only 7 pieces of clothing you can have in your asset closet to meet your unique position in life...stocks, bonds, real estate, PM/collectibles, cash, commodities and of course, yourself, private enterprise!</p><p>I wish you all abundance![/QUOTE]</p><p><br /></p>
[QUOTE="yankee doodle, post: 2662961, member: 81569"]Rono, you make a lot of sense of how to protect one's cents. Similarly, I like to take the ''4 seasons'' approach to investing. Each of the seasons (bull, bear, inflation, deflation,etc.) will dutifully arrive. But unlike the climate, they will appear in no sequential order nor for any predicable duration. Therefore, one must have a comfortable yet functional ''wardrobe'' to properly dress their portfolio regardless of the present day temperature/season b/c tomorrow could change on a disme. Therefore, with this approach, one cannot only survive but thrive in any hurricane, drought, blizzard or balmy day and not have to rely on the T.V. weather/financial news for direct guidance. So balance the RISK of the only 7 pieces of clothing you can have in your asset closet to meet your unique position in life...stocks, bonds, real estate, PM/collectibles, cash, commodities and of course, yourself, private enterprise! I wish you all abundance![/QUOTE]
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