The Agile Investor: Profiting from the End of Buy and Hold - Hardcover

Stephen Leeb and Roger Conrad, editors of the Personal Finance investment newsletter, believe that in the very near future record levels of inflation will dramatically alter the world of investment. The Agile Investor: Profiting from the End of Buy and Hold lays out their carefully considered strategy for dealing with the resultant volatility. The array of long-range opportunities suggested in their subsequent "investment road map" includes oil, bonds and real estate, as well as entrepreneurship and emerging markets.

A Wall Street guru acclaimed for his ability to understand market timing, Leeb explains why he sees inflation growing rapidly in the next 10 to 15 years in markets that he forecasts to be dangerously volatile. He then details his innovative investment strategy for supervising and profiting from these fluctuations. The authors tell us that inflation will be the logical result of three factors: discontent from the growing American underclass whose living standards continue to fall owing to foreign competition, downsizing, and lack of educational opportunities; increasing prices of basic commodities fueled by explosive demand from developing countries; and huge monetary and debt overhang, which will be soaked up by rising inflation. For an inflation environment, Leeb and Conrad offer a strategy for investments that is headed by bonds with the highest credit rating. Other items in their "inflation portfolio" focus upon commodities, small U.S. stocks, emerging Asian stock markets, energy, precious metals, and real estate. Mary Whaley