With market turbulence likely to remain the norm for some time to come, it’s a good moment to again urge you to own shares in our low-risk hedges, and preferably not just some but all. Recently, as the S&P 500 dropped 10 percent, our hedges as a group actually gained nearly 2 percent (see table). I.e., they did their job, which is to give your portfolio welcome ballast in stormy times. But to really capitalize on our hedges, you can’t cherry-pick...

Subscribers: click here for the full story

Non-Subscribers: click here to subscribe