Who guessed long-term Treasuries would be the best asset class to own? That 2014 would be the year of the REIT? Or Utilities, the most boring sector ever, would sit on top of the S&P. If anything, last year’s end results prove again – you’re better off with a long-term perspective because trying to predict the next six to twelve months is down right hard. And tweaking your portfolio because of short-term predictions can get messy.
Had you guessed, and acted on, 2014 being the year of falling interest rates, a stronger dollar, crashing oil, and geopolitical risks, then you had a great year. Had you guessed wrong, it could look terrible.
But if you stuck with a diverse portfolio you had another decent year. The good thing about decent years – they’re never great or terrible but they add up over time. Continue Reading…
Why would anyone choose the worst performing countries? We know that