我家除自住房没投资房产。几项投资理念贴出来切磋。

这是5月8日给朋友的信。
1.There is no safe place to hide at this point.

2.Bond is particularly dangerous, particularly the long term one. So I 'd shift some bond holdings to cash.

3.Stock is still the place to go, at least for a  %  of asset;

4.You just have to live thru the bad time if bad things happen again;

5.I do not believe in picking the stock winners, so I  prefer low cost funds such as Vanguard's;

6.I practice Asset allocation and  periodic re-balancing;

7.There is nothing to stop Fed from QEs and they may not have to actively reduce  their holdings once they are done with it;

8.QEs may not have shown its intended effect (jobs,  business growth), but Fed may still have to do it as a last resort;

9.If nothing else, the rapid US stock recovery is a good  thing coming out of QEs, dittos the housing price;

10.Fed will stop QEs sometimes in future and the market  will be disturbed regardless how they do it;

11.Dramatic US$ devaluation is not very likely, since both EU & Japan also love to devaluate theirs against US$;

12.International asset as  place to diversify holdings;