Search found 80 matches

by sjwoo
Sun Dec 23, 2018 5:40 pm
Forum: Investing - Theory, News & General
Topic: Bear Market Peak to Trough via Michael Batnick
Replies: 22
Views: 2618

Re: Bear Market Peak to Trough via Michael Batnick

With all the publications claiming that the rise of indexing is ruining the market, I had thought that if that were true, wouldn’t that mean that any bear market should be “buffered” by a large number of DCAs and indexers? This chart showing a couple of the biggest recessions since 2000 would seem ...
by sjwoo
Sun Dec 23, 2018 11:23 am
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1613
Views: 228694

Re: QSPIX - thoughts on interesting fund

I've kept my eyes on PACER WEALTHSHIELD ETF (https://www.paceretfs.com/products/pws) for the year so far and it's done OK: https://i.imgur.com/X5aodon.png Looks like it's moved to safety twice, in T-Bill mode since the end of October. Just what I want - a market timing ETF :oops: :oops: :oops: Yeah...
by sjwoo
Sat Dec 22, 2018 3:09 pm
Forum: Investing - Theory, News & General
Topic: QSPIX - thoughts on interesting fund
Replies: 1613
Views: 228694

Re: QSPIX - thoughts on interesting fund

I've kept my eyes on PACER WEALTHSHIELD ETF (https://www.paceretfs.com/products/pws) for the year so far and it's done OK:

Image

Looks like it's moved to safety twice, in T-Bill mode since the end of October.
by sjwoo
Sat Dec 22, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: Bear Market Peak to Trough via Michael Batnick
Replies: 22
Views: 2618

Re: Bear Market Peak to Trough via Michael Batnick

This is fantastic info, Scooter57 -- kinda frightening, honestly. The only way to get higher yields via dividends/distribution nowadays seems to be the likes junk bonds or REITs, which of course comes with higher risk. Ugliness everywhere...
by sjwoo
Sat Dec 22, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: Bear Market Peak to Trough via Michael Batnick
Replies: 22
Views: 2618

Re: Bear Market Peak to Trough via Michael Batnick

The behavioral finance finding that the pain of a given loss is twice as great as the happiness derived from an equal sized gain is super significant. I think I’ve read (and it certainly makes sense to me) that that 2:1 ratio increases rapidly with net worth. For those on the verge of retirement, i...
by sjwoo
Sat Dec 22, 2018 11:52 am
Forum: Investing - Theory, News & General
Topic: Value Investors vs. S&P 500
Replies: 25
Views: 4575

Re: Value Investors vs. S&P 500

I'm reviving an old thread here, but I'm curious - have any of you seen this? http://www.valueplays.net/2018/12/20/sp-500-intrinsic-value-index-update-3/ The chart that caught my attention is this: https://i.imgur.com/7cfL3qh.png How does this fellow calculate this "value investor index"? Is it some...
by sjwoo
Sat Dec 22, 2018 11:38 am
Forum: Investing - Theory, News & General
Topic: Bear Market Peak to Trough via Michael Batnick
Replies: 22
Views: 2618

Re: Bear Market Peak to Trough via Michael Batnick

Thanks for the additional charts, CyclingDuo. Yes, I've been through both 2000 and 2008/9 without panicking, too, though I'm now that many years older and there's more paper money to lose. Never pretty. I can't imagine the market dropping by 22% in one day like Black Monday -- if that happened now, ...
by sjwoo
Sat Dec 22, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: Bear Market Peak to Trough via Michael Batnick
Replies: 22
Views: 2618

Bear Market Peak to Trough via Michael Batnick

Excellent writeup here by the Irrelevant Investor: https://theirrelevantinvestor.com/2018/12/22/a-few-charts-and-a-few-thoughts-7/ This table really puts things into perspective: https://theirrelevantinvestor.com/wp-content/uploads/2018/12/Screen-Shot-2018-12-21-at-8.08.18-PM.png A couple of things:...
by sjwoo
Fri Dec 21, 2018 5:37 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 is only one bad day away from being in a bear market
Replies: 7
Views: 1555

Re: S&P 500 is only one bad day away from being in a bear market

This is super obvious, but I'll write it anyway. If we are indeed headed for a bear market, then it's really because stocks just went up too high too fast, right? Let's just say that instead of hitting 2930.75 on 9/20/2018, it was actually 2500. That after hitting 2500 in September 2017, stocks move...
by sjwoo
Fri Dec 14, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: Good reminder JNJ [Johnson and Johnson]
Replies: 9
Views: 1302

Re: Good reminder JNJ

Ugh, you said it. JNJ has been one of my favorite stocks for years, and one of my largest individual holdings. So many people say things like, "JNJ is so diversified, it's rock solid, the only stock to own." Nope. One stock, no diversification. A stern reminder.
by sjwoo
Tue Nov 20, 2018 9:14 pm
Forum: Investing - Theory, News & General
Topic: How This All Happened (to the US economy)
Replies: 44
Views: 7560

Re: How This All Happened (to the US economy)

I've been also reading Noah Yuval Harari's Homo Deus, and that experience has been similar to this piece by Housel -- a bit of hope mixed in with a bit of despair. His book 'Sapiens' was my favorite read of 2017. How does the new one compare? I'm halfway through and really enjoying it. He goes into...
by sjwoo
Tue Nov 20, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: Good audio book for a family?
Replies: 33
Views: 1920

Re: Good audio book for a family?

I'd highly recommend: https://www.audible.com/pd/The-Curious-Incident-of-the-Dog-in-the-Night-Time-Audiobook/B002V8H5PW The narrator, Jeff Woodman, does a spectacular job. Not made into a movie, though it was made into a play. Fine for kids. And a mystery! Another one that I really adored: Athletic ...
by sjwoo
Mon Nov 19, 2018 4:52 pm
Forum: Investing - Theory, News & General
Topic: How This All Happened (to the US economy)
Replies: 44
Views: 7560

Re: How This All Happened (to the US economy)

Just read this -- thanks so much for sharing it. I especially like the tiny sliver of hope at the end. It's funny -- seems like the economic cost experienced during the Great Recession and immediate post-WWII were similar in some ways. Maybe it's progress that we went through the pains a decade ago...
by sjwoo
Mon Nov 19, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: How This All Happened (to the US economy)
Replies: 44
Views: 7560

Re: How This All Happened (to the US economy)

Just read this -- thanks so much for sharing it. I especially like the tiny sliver of hope at the end. It's funny -- seems like the economic cost experienced during the Great Recession and immediate post-WWII were similar in some ways. Maybe it's progress that we went through the pains a decade ago ...
by sjwoo
Mon Nov 12, 2018 6:27 am
Forum: Investing - Theory, News & General
Topic: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?
Replies: 64
Views: 3615

Re: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?

Here are some scenarios where trend following is difficult: 1) You are on vacation in a foreign country and the end of month sell/buy signal hits. To be consistent you must act even from a different time zone. 2) You have 3 accounts (Roth IRA, traditional IRA, taxable) with multiple funds in each, ...
by sjwoo
Sun Nov 11, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?
Replies: 64
Views: 3615

Re: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?

It would probably help you visualize this better if we lopped off the last 19 years of results in your link. Like so. This model began trading in 1988. At the end of the first 12 years, you had nothing to show for it. It had underperformed buying and holding an S&P index fund for those 12 years by ...
by sjwoo
Sun Nov 11, 2018 6:27 pm
Forum: Investing - Theory, News & General
Topic: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?
Replies: 64
Views: 3615

Re: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?

I mean how would you have handled from 1988-2000 when everyone was making a ton more money than you did. You would have ~50k and they would have 80k. This is a fair point, but I must also say, as someone who did go through this ridiculous euphoric period (eToys! CMGI! JDSU!), during the runup of 19...
by sjwoo
Sun Nov 11, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?
Replies: 64
Views: 3615

Re: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?

Actually, I think this is the PV link I should be using: https://www.portfoliovisualizer.com/test-market-timing-model?s=y&coreSatellite=false&timingModel=5&startYear=1988&endYear=2018&initialAmount=10000&singleAbsoluteMomentum=false&volatilityTarget=9.0&downsideVolatility=false&outOfMarketAssetType=...
by sjwoo
Sun Nov 11, 2018 5:26 pm
Forum: Investing - Theory, News & General
Topic: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?
Replies: 64
Views: 3615

Re: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?

I don't understand something here...several people have mentioned "selling at a loss" with this strategy. If I have a buy and hold port at 60/40, and stocks tank -35% while bonds go down -15%, am I not "selling at a loss" when I rebalance (i.e., I'm selling bonds at a loss to buy stocks)? Keep in m...
by sjwoo
Sun Nov 11, 2018 3:55 pm
Forum: Investing - Theory, News & General
Topic: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?
Replies: 64
Views: 3615

Re: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?

I don't know, but one hopeful behavioral explanation would be that the strategy often mandates selling at a loss, which is painful and is normally advised against. Similarly, it advocates remaining invested in long bull markets that many think are "overdue for a correction" until they actually do s...
by sjwoo
Sat Nov 10, 2018 5:45 pm
Forum: Investing - Theory, News & General
Topic: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?
Replies: 64
Views: 3615

Re: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?

sjwoo, << What's a safer way of making your money last for the next 40 years, 60/40 or trend/momentum following? >> I think you are asking the wrong question. The most relevant and important question is the size of your portfolio in relation to your required expense. If it is 50 times aka 2% withdr...
by sjwoo
Sat Nov 10, 2018 3:52 pm
Forum: Investing - Theory, News & General
Topic: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?
Replies: 64
Views: 3615

Re: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?

This one compares buy-and-hold of VFINX (Vanguard's S&P 500 index fund) from 1985 through last month. A 10 month moving average is used (basically a ~210 day moving average with no more than one trade per month). https://i.imgur.com/LXkRUvU.jpg You can see that timing underperformed buy-and-hold fo...
by sjwoo
Sat Nov 10, 2018 3:15 pm
Forum: Investing - Theory, News & General
Topic: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?
Replies: 64
Views: 3615

Re: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?

That said, I still agree with The hard part is developing a strategy that will work in the future. There is no strategy that is guaranteed to work in the future. Even if we have decent evidence that it really was a thing in the past (not just data mining), it's well possible that the market simply ...
by sjwoo
Sat Nov 10, 2018 3:12 pm
Forum: Investing - Theory, News & General
Topic: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?
Replies: 64
Views: 3615

Re: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?

This site gives an excellent and very detailed overview of trend following. From that site, here's an excellent explanation of why many trend following proponents have had poor performance: Looking at (2) specifically, why do the most vocal practitioners of market timing tend to perform poorly as i...
by sjwoo
Fri Nov 09, 2018 5:07 pm
Forum: Investing - Theory, News & General
Topic: "Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?
Replies: 64
Views: 3615

"Rules-Based Risk Management System" = Market Timing = Momentum/Trend Following?

One of my favorite investment bloggers is Michael Batnick. He wrote this today: https://theirrelevantinvestor.com/2018/11/09/learning-the-wrong-lessons/ Here's one part of it: "This chart shows a very simple strategy of buying the Nikkei when it has a monthly close above a moving average and selling...
by sjwoo
Thu Oct 11, 2018 8:43 am
Forum: Investing - Theory, News & General
Topic: When Both Stocks and Bonds Fall, Where Does the Money Go?
Replies: 12
Views: 1861

When Both Stocks and Bonds Fall, Where Does the Money Go?

One thing I can't quite understand on a day like yesterday is that when there's a significant amount of stock selling, the 10-year bond yield also rose. Which means there were more people selling 10-year bonds than buying, right? Or do bond yields work in a different way than my simple-minded supply...
by sjwoo
Sat Sep 29, 2018 8:38 am
Forum: Investing - Theory, News & General
Topic: Sears, a 125 year old company is now a penny stock.
Replies: 127
Views: 15843

Re: Sears, a 125 year old company is now a penny stock.

I just recently heard a story about Sears houses on the 99% Invisible podcast:

https://99percentinvisible.org/episode/ ... -the-mail/

They even sold houses at one point! How crazy is that. And now the company is almost ready to be a memory.
by sjwoo
Sun Apr 15, 2018 7:25 pm
Forum: Investing - Theory, News & General
Topic: Pacer Wealthshield ETF
Replies: 11
Views: 1076

Re: Pacer Wealthshield ETF

For example, maybe we should address more the prospects of acting as "a possible method of reducing volatility while providing reasonable growth" as was actually asked. Though actually, I would want to know how "reasonable growth" might be defined. edit: on second thought, if that signal is unknown...
by sjwoo
Sun Apr 15, 2018 2:49 pm
Forum: Investing - Theory, News & General
Topic: Pacer Wealthshield ETF
Replies: 11
Views: 1076

Pacer Wealthshield ETF

I was reading up about trend following as a possible method of reducing volatility while providing reasonable growth when I came across this ETF: https://www.paceretfs.com/products/pws PACER WEALTHSHIELD ETF The Pacer WealthShield ETF is an exchange traded fund that seeks to track the total return p...
by sjwoo
Fri Feb 23, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: When Stocks and Bonds Fall
Replies: 24
Views: 1801

Re: When Stocks and Bonds Fall

Yes, but what would ever make you think that bonds have the magnitude of downside that stocks have when such an idea is absurd. It is not the timing but the fact that stocks can fall by tens of percents when bonds can fall by percents. I didn't think I was suggesting that bonds have similar downsid...
by sjwoo
Fri Feb 23, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: When Stocks and Bonds Fall
Replies: 24
Views: 1801

Re: When Stocks and Bonds Fall

They couldn't have prevented a crushing loss unless you were holding five times as much Treasuries as stocks, i.e. your stock allocation was lower than 17/83 . Holy crap -- this I did not know. 17/83...that's a ratio I can't imagine many people have. OK -- I'll just buckle my seatbelt and turn off ...
by sjwoo
Fri Feb 23, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: When Stocks and Bonds Fall
Replies: 24
Views: 1801

Re: When Stocks and Bonds Fall

Seems like what we have now (and perhaps for the near future, say, a couple of years) with bonds is lower downside than stocks This presumption is absurd. Where did you get it? Ummm...okay, you got me, no excuses, you caught me red handed in the "timing" jar. :wink: I don't think it's unreasonable ...
by sjwoo
Fri Feb 23, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: When Stocks and Bonds Fall
Replies: 24
Views: 1801

When Stocks and Bonds Fall

From http://theirrelevantinvestor.com/2018/02/22/when-stocks-and-bonds-fall/: It’s true, bonds might not help you in the short run when stocks fall. Now what do we do with this information? Investors have a few options. First and foremost, you can add assets outside the United States to your portfol...
by sjwoo
Mon Feb 05, 2018 5:45 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10364
Views: 1827984

Re: U.S. stocks in freefall

People need to stop wishing for a crash. At least out loud. Even if YOU don't get hurt, many people will. I've been thinking the exact same thing when I've been reading this thread for the past week. EXACTLY. Some of us are literally on the verge of retirement. Others are IN retirement. People like...
by sjwoo
Mon Feb 05, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10364
Views: 1827984

Re: U.S. stocks in freefall

Goodbye, unrealized gains, it was nice knowing you!

Now I don't feel too stupid for holding those bond funds. Asset allocation, I love you. ;-)
by sjwoo
Thu Feb 01, 2018 10:26 am
Forum: Investing - Theory, News & General
Topic: Household Assets 1972-1982
Replies: 10
Views: 1999

Re: Household Assets 1972-1982

Just read this: http://www.simplestockinvesting.com/SP500-historical-real-total-returns.htm So during the 1970s, the real return for the SP500 was -1.4%. Wow. During the 2000s, it was -3.4%. Not surprising since that encompasses both humongous bubble bursts. Now looking at this: http://www.businessi...
by sjwoo
Tue Jan 16, 2018 12:12 pm
Forum: Investing - Theory, News & General
Topic: “Future US Equity Returns: A Best-Case Upper Limit”
Replies: 20
Views: 2119

Re: “Future US Equity Returns: A Best-Case Upper Limit”

The 2nd figure shows that pension fund allocation to equities has been high since 1998, yet we had two great crashes after 1998. These are not incongruous in the context of the post, from my reading. There is not an attempt to explain pension fund asset allocation as the driver of multiple expansio...
by sjwoo
Tue Jan 16, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: “Future US Equity Returns: A Best-Case Upper Limit”
Replies: 20
Views: 2119

Re: “Future US Equity Returns: A Best-Case Upper Limit”

I love this guy's writing -- I wish he would write more frequently, but then again, usually the pieces are really long, so they're well thought-out and researched than most blog posts. They're more like academic works. Looking at that first graph, it looks like pension funds have held about 70% equi...
by sjwoo
Tue Dec 05, 2017 4:41 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 25109

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

So bitcoin definitely is not like any country-backed currency since it has no country. It seems like it is more like gold in the way it acts, since gold itself really has very little applicable value; it is just a thing that lots of people have given worth to (personally, gold means nothing to me e...
by sjwoo
Mon Dec 04, 2017 8:02 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 25109

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

jalbert wrote:
Mon Dec 04, 2017 4:28 am
BTC cannot simultaneously be a growth investment and a currency.
Just curious, why are these mutually exclusive for you? If one were to buy a currency of an emerging country, betting that they'll grow into a powerhouse, wouldn't that meet both criteria?
by sjwoo
Mon Dec 04, 2017 12:49 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 25109

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Somebody earlier in the thread mentioned how fiat currency is all about the stability/guarantee of the government issuing the bills. Ergo, the reason why the US dollar retains good value is because those Franklins and Washingtons will get you goods and services. Which got me thinking. Right now, the...
by sjwoo
Sat Dec 02, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 25109

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Here you have something created out of thin air that is going straight up and that anyone and everyone can buy into and become rich. This literally sounds like etoys.com, CMGI, Rambus, etc. Some innate value, sure, but nowhere near the valuations they achieved. If bitcoin is going up, it's simply b...
by sjwoo
Sat Dec 02, 2017 10:18 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 25109

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

There is a lot of mania around bitcoin right now, and a lot of "pump and dump" going on. Be aware and watch for systemic risks. After reading this continuing thread, I now think you may have a point with this idea of contagion. On another thread about seeing market crashes ahead, lots of folks here...
by sjwoo
Fri Dec 01, 2017 10:45 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 25109

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

- when it crashes, it will cause a large drop in the s&p 500 I'm not sure I agree. So many people, in fact, I'd think the majority of investors, expect this currency to drop big time. If I were to hear tomorrow that bitcoin's are now worth $10, in just say, "Yup, we all knew where this was headed."...
by sjwoo
Fri Dec 01, 2017 10:11 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 25109

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

- when it crashes, it will cause a large drop in the s&p 500 I'm not sure I agree. So many people, in fact, I'd think the majority of investors, expect this currency to drop big time. If I were to hear tomorrow that bitcoin's are now worth $10, in just say, "Yup, we all knew where this was headed."...
by sjwoo
Fri Dec 01, 2017 9:54 pm
Forum: Investing - Theory, News & General
Topic: Bonds Are Riskier Than People Think
Replies: 142
Views: 15805

Re: Bonds Are Riskier Than People Think

If your withdrawal rate is 2% and your five-year laddered CDs are producing 2.5%, then I think it's more than reasonable to categorize the CDs as a positive income producing instrument, no? Of course, if inflation keeps rising and your CDs stay locked at 2.5%, you'll be in trouble, but don't CD rate...
by sjwoo
Mon Nov 27, 2017 6:42 pm
Forum: Investing - Theory, News & General
Topic: Why No CD Ladder ETFs?
Replies: 6
Views: 1816

Re: Why No CD Ladder ETFs?

Thanks for all the thoughtful replies, folks. I'll look into Fidelity's brokered CD offerings since that's my broker and they actually have fairly competitive rates.
by sjwoo
Mon Nov 27, 2017 12:25 pm
Forum: Investing - Theory, News & General
Topic: Why No CD Ladder ETFs?
Replies: 6
Views: 1816

Why No CD Ladder ETFs?

Apologies in advance if this is a spectacularly stupid question, but I just have to ask: Right now, you can find 5-year CDs that pay in the ballpark of 2.40%. If someone were to start a 5-year CD ladder, he could buy it and then do it again next year, at which point the rate might be a bit higher (t...
by sjwoo
Tue Nov 21, 2017 4:38 pm
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 162
Views: 22469

Re: Is holding bonds now dangerous?

Thank you, Google (and Ben Carlson!): http://awealthofcommonsense.com/2016/11/how-bad-could-bond-market-losses-get/ the worst 12 month loss ever in bonds was -13.9% in 1974 In fact, if you look at the returns on 10 year treasuries from the time yields bottomed in the early-1940s until they peaked in...
by sjwoo
Tue Nov 21, 2017 4:32 pm
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 162
Views: 22469

Re: Is holding bonds now dangerous?

My question wasn't if bonds are dangerous IN GENERAL but if they are dangerous NOW. This sounds like TINA talk - there is no alternative. Both stocks and bonds are overvalued, so we have no choice but cash. If the purpose of buying bonds is to provide stability to a portfolio, i.e., it'll go down 1...