What did all the “smart” people tell you in 2011? Many well-known investment gurus told you to get out of bonds, get out of Treasuries, and invest in stocks. So how did that work for you? In hindsight, we know the reverse strategy would have worked better, since bonds actually did better this past year. Tom Cock’s prediction for 2012 is that “the market will go up and the market will go down.” You can’t predict anything else! Common sense: Invest, do not speculate. Check out Figure 9 on the ifa.com portfolio pages to see the range of outcomes for a variety of portfolios.