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And a few general equity funds, like Mr. Cuggino's Permanent Portfolio, put part of their holdings into hard assets.
A Good Bet on Commodities Rising commodity prices helped the $180 million Permanent Portfolio fund earn 6.13percentt in the quarter.
"Stocks are trading on the news of the day and the news was moderately favorable," said Michael Cuggino, who oversees $15 billion at Permanent Portfolio Funds in San Francisco.
But upon further examination, all of these markets are probably pointing to the same thing, said Michael J. Cuggino, manager of the Permanent Portfolio, a mutual fund that invests in stocks, bonds, currencies and alternative assets.
"Big-cap tech had a great year, and I wouldn't see any reason why that would change," said Michael J. Cuggino, manager of the Permanent Portfolio, a mutual fund that invests in stocks, bonds and alternative assets.
But Michael J. Cuggino, manager of the Permanent Portfolio, a mutual fund, says we shouldn't rely exclusively on core C.P.I. data because "in reality, businesses need energy and people need to eat".
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STAY PROPERLY DIVERSIFIED This means not only owning different types of stocks, but also committing a permanent portion of your portfolio to fixed-income investments.
At some point consumers do consider parts of their portfolio as permanent wealth.
Yet they insist on benchmarks as a permanent feature of institutional portfolios.
They're now talking about its permanent role in a diversified portfolio.
Hugh Ferriss, perhaps the best-known architectural renderer of the 20th century, contributed haunting, dreamlike illustrations to an oversized portfolio, "Plan for Permanent World Capitol at Flushing Meadow Park," produced in 1946 by Robert Moses to try to lure the United Nations headquarters to Queens.
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