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OK I realize I may get crucified for not being a diehard buy & hold type here, but last week's events on Wall Street on top of a couple of years of mad swings have made me wonder if a higher allocation to illiquid investments (e.g. commercial/rental properties, oil & gas line partnerships, etc.) might not be prudent.
I'm already about as broadly diversified as I can imagine being - a la Bob Clyatt's excellent Rational Portfolio. I find the 500 point swings and domino-like (or is that lemming-like?) correlation of supposedly un-correlated markets and asset classes gut wrenching but what really worries me is the obvious collusion of gov't. regulators with the investment bankers and others, and the totally reactive, un-strategic fixes coming from our ostensible leaders. Everything I hear lately intended to reassure me makes me want to put my money under a mattress. Anyone else?
Kevin
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