brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
I am beginning to accumulate cash from the sale of appreciated stock positions (MINI and PRV, lately), and I am somewhat at a loss as to where to put it to work. I was hoping for some suggestions/ideas.
First, a bit of background. I am probably 15 years from FIRE and in aggressive accumulation mode. Virtually all new savings is going into a model index portfolio, but I actively manage (with very few trades) the majority of my assets. I have a substantial tolerance for risk, so volatility is not much of a concern. However, I have enough exposure to the indexes and the general state of the US economy that I don't really want more. This is mostly after-tax money, so any investment should be tax efficient.
So what are good possible investmenst or asset classes that might not be too correlated with the US economy? Bonds are pretty much out due to tax-inefficiency. Commodities, perhaps (such as through PCRDX)? Maybe timber (PCL)? Real estae isn't too attractive at this point, and I already have lots of exposure through homeownership. Foreign equities? Something else I am overlooking? Perhaps a stock that is not highly correlated with the overall market/economy?
First, a bit of background. I am probably 15 years from FIRE and in aggressive accumulation mode. Virtually all new savings is going into a model index portfolio, but I actively manage (with very few trades) the majority of my assets. I have a substantial tolerance for risk, so volatility is not much of a concern. However, I have enough exposure to the indexes and the general state of the US economy that I don't really want more. This is mostly after-tax money, so any investment should be tax efficient.
So what are good possible investmenst or asset classes that might not be too correlated with the US economy? Bonds are pretty much out due to tax-inefficiency. Commodities, perhaps (such as through PCRDX)? Maybe timber (PCL)? Real estae isn't too attractive at this point, and I already have lots of exposure through homeownership. Foreign equities? Something else I am overlooking? Perhaps a stock that is not highly correlated with the overall market/economy?