4 pros: Investing in the next decade
The coming 10 years won't necessarily resemble the past 10. We've enlisted four investing sages who lay out the opportunities - and pitfalls.
Robert Arnott
While the developed world has huge debt and demographic problems, many emerging markets have younger populations and foreign reserves. After the rally in 2009, this is not a "buy now" recommendation.
Still, a case can be made to invest significantly more in emerging markets, especially during one of their periodic plunges. U.S. inflation and a declining dollar will add to their relative attractiveness.
Inflation protection will be priced at a premium. Give inflation-linked bonds and commodities more than token allocations. There are always interesting investment opportunities. Choose wisely.
NEXT: Jeremy Grantham
