In Light of Peak Oil, Financial Diversification Is a Bad Idea [View article]
Hello Fitz; You are now on my radar. My gut tells me you are right perhaps because my holdings are similar to your recommendation. However, I prefer the non precious metals over the glitz. You realize you have opened Pandora's box and demoralized the brilliant advisers that never get it right (except for Buffet) and rely on diversification for their kudos or excuse. You might as well open another box and suggest that mutual funds are as dead as a door nail and are about to go the way of the horse and buggy. ETF's are so much more efficient and with better performance. My days of being penalized by MF's for fast trades and inflexibility are over. Just compare EWZ, KOL, IEZ, and FCG to similar mutual funds at Fidelity, Vanguard and/or T Rowe Price and you'll understand my position. PG
Peak Oil: While Washington Sleeps... [View article]
Kudos, Kudos, Kudos! Thank you for taking the time to write this very accurate and insightful article. You are right on target. Someone needs to tell the truth even if you get kicked in the ass. Please keep it up albeit, USO, XLE, and IEZ have consistantly outperformed FSESX and FSNGX and are much easier to trade.
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