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I purchased a significant amount of FDIVX (Fidelity Diversified International) in early January after selling some Long Term Bonds (Long Term Bonds did exceptionally well in 2011).

As you may have noticed, FDIVX has done fairly well lately.

Not sure why one would sell right now.

I'm actually planning on holding FDIVX until after interest rates go up. It will probably be a year or so until rates go up.

Bonds move opposite interest rates.
That is since rates are so low right now, bonds will take it on the chin when rates go up. Hence bonds are now risky. FDIVX on the other hand should do well with rising interest rates.

Of course my strategy could be totally wrong.
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