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written by reader Any recommendations or thoughts of where to park

By backoffice, June 13, 2016

some funds to avoid the massive crash the optimists keep warning us about?

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Travis Johnson, Stock Gumshoe

Depends on which “optimists” you think are right — if the dollar is going to crash, then gold will probably save you… if the market is going to crash, then cash will probably save you. If the crash rhetoric is a wild exaggeration of what happens, then time and a steady hand will probably save you.

And if you can predict within 12 months when the market is going to crash, and how that crash will happen, you’re wasting your time writing a newsletter — there’s a space reserved at the billionaire’s table for you.

Sorry, that’s a bit too snarky.

I’ve recently added some to the “value” exposure in my portfolio through DSEEX, which I think is an interesting fund, I,a href=””> wrote about it last week … but really, the answer is usually to be diversified, know what you hold, and don’t invest in stocks if you need the money within a few years. I’m holding a bit more cash than usual because I keep hoping I’ll get an opportunity to buy something cheap like was possible in 2000 and 2008, and I think that’s a reasonable hedge for long-term investors who are looking for something to make them feel more prepared… but I’ve been in that position for over a year and having too much cash has been a bit of a drag on my personal portfolio.

And, of course, if you’re pretty sure that the market will crash in a given time period, you can use options to place bets to that effect — but when lots of people are worried, as they have been for much of this seven-year bull market, protection from the stuff that worries them is expensive.

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