The alternative asset classes best accessed via ETFs

    Early in my career, I was given a book called Reminiscences of a Stock Operator by Edwin Lefevre, written almost 100 years ago. Investment behaviour does not seem to change. At the time, the author could not understand why most people buy after things have fallen - or while they are going down - and sell when they are going up. He believed in doing the opposite and it served him well.  As I write, however, the main US equity index, the S&P 500, has risen by almost 25% over the past 12 months and leveraged positions via futures and other derivatives are at near record levels....