The world’s most famous bond investor, Bill Gross from Pimco is turning his back on long-dated country bonds in the US, UK and Germany for 2013, high-yield bonds and just as controversially hates bank and insurance stocks.

His picks for 2013 are: commodities like oil and gold, inflation-protected bonds, high-quality municipal bonds and non-dollar related stocks in the emerging markets. Mr. Gross has gotten himself into trouble in the past by being too bearish too soon on T-bonds but this former professional poker player has won far more often than he has lost.