Q: With the recent news that one of the world’s highest-profile bond managers eliminated his fund’s exposure to U.S. Treasury bonds, should we be selling our Treasuries, too? Do other types of bonds now offer better return opportunities?

Q: The price of gold has recently topped $1,400 an ounce, providing eye-popping returns to investors. It seems we’ve missed out; should we reconsider whether gold belongs in my portfolio?

Q: Does indexing only work in efficient markets?

Q: Do private equity investments have a place in a diversified portfolio?

Q: I heard an investment joke the other day, and it seems to be a valid critique of index fund investing. I’d like your response. The joke goes something like this, “A stock picker and an index fund investor are walking down the street. The stock picker suddenly stops, points to the sidewalk below, and says ‘Hey, look, there’s a $20 bill.’ As he bends over to scoop up the found money, the index investor says, ‘Don’t bother. If that were a real $20 bill, someone would have picked it up already.’” What is your response?

Q: Recent headlines have fueled worries about imminent increases in interest rates, the growing threat of inflation, and the likely negative impact for bond investors. Should we get out of bonds before rates rise?

Q: When the market goes down, index funds will go down right along with it. Shouldn’t we look to active managers to protect us during a downturn?