Scared? Rest Easy With This Portfolio

If the emails I've received from readers and the comments left on my blog are any indication, a lot of folks are pretty unnerved by the stock market's recent decline.

So I've constructed a portfolio of exchange-traded funds and mutual funds with returns that have a low correlation to the S&P 500. In fact, this is almost a lazy man's portfolio: The only thing you need to monitor is whether any new products are introduced that will turn out to be better mousetraps.

The benefit of this sort of approach is that you have a good chance of being down less in a bad market. But you will likely be up less the next time the market is up 25% in a year.

PowerShares S&P 500 Buy Write Portfolio (PBP Quote), 30% allocation. ...