qandaQ: Why no bucket of commodities in your portfolio recommendations?

Q:  Why no bucket of commodities in your portfolio recommendations?

A: On a long-term basis, commodity returns are about the same as long-term bonds… with a lot more risk. If you take money out of the asset classes I have recommended in The Ultimate Buy and Hold article and podcast, and put the proceeds in commodities, you should expect lower long-term returns. Of course people who sell commodities would disagree loudly.