Three smart money moves for 2013

Using the non-courageous power of hindsight, it's easy to look back on the previous year and see where the "smart" and "dumb" money flowed.

The direction of money last year tells a well-worn tale: when fear dominates, money moves into safer vehicles such as bonds and money market funds.

After 2008, you can hardly blame anyone for still wanting to avoid volatility. But those who retreated mostly to fixed income have missed the better part of a bull market that's been running since 2009.

via Business feed http://www.scmp.com/business/money/investment-products/article/1125627/three-smart-money-moves-2013