|I am sharing this because I believe everyone should really do in-depth research as to his own investment philosophy.
For me, I don't care about diversification.
Diversification just means an average and non-optimized position.
My one fund has been doing 12% at 1 year mark, and was up 15% before Greece, and now down at 8%.
But I still do not worry, because I have been expecting a global meltdown, and I am still waiting for it.
Anyway, the following article is a good read, but bear in mind Peter Schiff is a gold bug and pessimist.
But what he says, to me, it makes sense.
So if Peter Schiff makes sense, the next cycle will be in Asia and Emerging Markets.
Be Safe, be Well.