“I Don’t Care About Nickel, It’s Unrelated To My Portfolio”Nope. Commodities can be part of the diversification of a global portfolio (there’s a reason for the comparisons to target date retirement funds in the past). When something goes wildly awry (like the path of...
CommodityFirst, a definition. A commodity is a good where the equivalent substitute can be identified and you can switch easily, at low or no additional financial cost. Hard drive disk space? Commodity.When communicating with clients, I have frequently said “I’m a...