To prepare for the unwinding of Humpty Dumpty, I have pretty much ratcheted down my commodity trading of the last several years. I'm almost entirely out of gold (except a modest amount in coins), energy and juniors plays having distributed them over the last couple months into spikes. I have a long small corn futures trade going, and have small longs in SF and JY March futures. I have a decent sized speculation in place using long puts and bear spreads on low implied volatility indexes like SPY, IWM, XLF, XLY, QQQQ, and various stocks I've been posting on here.
Subject 55631
Other than that most of my assets are laddered in Treasury bills purchased through Treasury Direct that are maturing nearly every week, or rolled over subject to timing (which I've also discussed). I leave only minimum amounts in bank or broker money market accounts. The idea of buying a 5 or 10 year T-note for the same yield as a 6 month, makes zero sense to me, way too much a bet on the kindness and stupidity of foreigners to keep buying Old Maid Cards. I own zero real estate, I rent a $600k urban loft for $1900 a month, pay only heat and electricity. I rarely use a car anymore as this neighborhood is pedestrian friendly and connected by train, trolley, and "Max train", minutes away. Like a good boy scout, I feel I'm well prepared. |
