Also, I know that commodities are doing very well now. *I'm very tempted to invest some money in something like PCRAX or the close-ended fund Jim Rogers runs. *While I'm very tempted, I also know that chasing a trend - following the herd - can turn out to be disasterous. *What do people here think? *Am I too late to the party on commodities? *Part of me thinks that I should just be patient and wait to find an asset that has been run down so badly that it is a bargain.
I'm sure that these questions have been asked a million times already. *I appreciate your taking the time for this.
I would place value on what Jim Rogers has to say. I recently bought the Pimco fund although you may want to consider the institutional shares PCRIX as opposed to the A shares PCRAX. Cheaper fund, less expenses.
From what I have read commodity bull markets run about 18 years so I do not think it is too late to get in if you plan on holding. I would also stay diversified in other asset classes as well including cash.
Nobody has a crystal ball but maybe one day someone will come along and
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