I'm adding a growth stock to my portfolio with this column. And I expect to add as many as four more over the next four to six weeks.Not because I'm so optimistic about the economy and the financial markets. Exactly the opposite, in fact. I'm buying growth stocks -- and adding more exposure to gold stocks -- because I'm deeply pessimistic about the economy and the financial markets over the next 12 to 18 months. The two groups, which in normal times occupy opposite ends of the market spectrum, are to my thinking the best hedges available against the rocky times ahead over the next 12 to 18 months. I know this is a logical stretch from conventional thinking about the asset classes you should use to build a portfolio, so let me explain how I came to this conclusion.
|Do you agree with Jim Jubak's idea of buying growth stocks like Davita as a hedge for coming rocky times? |