Hard Assets Still Make Sense
The current Euro Crisis has given investors a chance to add commodity producers to their portfolios at cheap prices. Here are some broad ways to do that.
While the headlines focus on the problems stemming from the European Union, Greece and the rest of the PIIGS (Portugal, Ireland, Italy, Greece and Spain), longer-term investors currently have the opportunity to pick up some good assets for cheap that could strengthen portfolios for years to come; in this case, commoditiesand hard-asset producers. Commodities overall have fallen from their highs as evidenced by broad-based funds such as the PowerShares DB Commodity Index (NYSE: DBC) sinking toward their 52-week lows amid the Euro-zone crisis. Commodities still make sense for portfolios as they are one of the main catalysts for a growing global economy.
By Aaron Levitt on Investopedia
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Tags: Euro Crisis, European Union, Financial Ideas, Investing strategy, Retirement May 24th, 2010 Posted in Debt, Economic crisis, Economics, Financial Ideas
