Just wanted some thoughts that people might have on geographies and/or market sectors that they think should perform well (or at least better than everything else) over the next 12 months ? At the moment Europe and Asia are performing best for me, along with listed property securities. Resources are very volatile at the moment - but I suspect there will be a bit of money to be made over the next couple of years still (if you can cope with the ups and downs based on the seemingly random movements in commodity prices). I'm thinking Asia (ex Japan) will continue to do well over the next couple of years (particularly China and India). The US is looking a little doubtful. I have no real grasp on the issues facing Europe. I suspect that global rising interest rates may have a negative impact on the real estate sector pretty much everywhere. Private Equity, which seems to rely heavily on highly leveraged deals may well suffer with higher interest rates too ? My biggest concern locally in Aus is that higher oil prices, a booming resources sector, and drought inflated grocery prices will conspire to put too much upwards pressure on inflation, forcing the RBA to quickly increase interest rates. The more quickly they need to raise rates, the more difficult I think it may be to avoid "putting on the brakes" too much leading to negative growth. I'm all for higher rates to shake up the residential real estate market - but I'd rather not see a significant contraction in our local economy.