Board Of Money Managers: Investing in a Recovery

They're still buying stocks, with an eye on dividends. And don't forget junk bonds

A lot of people believe stocks are anything but a slam dunk, even though prices fell over the past three years and we appear to be in the early stages of a recovery. Bond prices are sliding, and higher interest rates are signaling a slowdown in real estate. So where can investors expect the best returns over the next 12 months and beyond? TIME brought together a diverse group of investment experts to probe the question, and their answers may surprise you. Bonds have fallen enough to be a bargain--at least until the recovery really takes off. But beach houses to...

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