1.   So smaller investors may need to take the DIY route, which is fine if you have the time and enjoy keeping track of your companies.

2.   It is generally agreed that retail investors need a far higher level of supervision because of their lack of knowledge and because of the severe consequences of loss.

3.   Also government agencies need to relax regulation of bonds, and stock-obsessed investors need to learn more about debt, he said.

4.   And during bearish markets, when an investor most needs that insurance, international diversification provides the least protection.

5.   And investors need dollars to invest in U.S. stocks and bonds.

6.   And investors need more information, she said.

7.   And it is an area where investors need to be careful, because in that period there will be a good deal of consolidation among smaller companies.

8.   And the government will cut in half the minimum amount investors will need to spend to invest in commodity funds.

9.   And, investors need dollars to buy U.S. securities.

10.   As a result, international diversification falters just as investors need its much-promoted benefits.