Comment by chasil
11 hours ago
After hearing recently that oil is very likely going to $160 per barrel or more, I knew that I had to get out of the S&P500 in my 401k (FXAIX) and similar growth funds in my Roth.
He really laid out the case for alternate funds in real estate and mortgage securities, with a bit more precious metals.
I really didn't want to lose the gains I have made over the last year, and I think this will do it.
When oil hits even $145/bbl come back here and say “I told you so”. Until then I firmly believe oil will never get to anywhere close to $160/bbl.