Kirk says...."I think bonds other than USTs are almost never worth the risk given the small rewards."
And maybe we should listen because Kirk says he was tied for bond market timer of the year in 2013 but I'm not quite sure how that works since he he's been out of the bond market for over five years now. Way too early...missed that bull market.
From: Kirk © |
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... With my own money, I'm completely out of bonds not indexed to inflation (ie iBonds and TIPS) with the rest of my fixed income in savings accounts and money funds. I read an article yesterday by Allan Greenspan highlighting how the 10-yr treasury went up 4% in a span of six months. If that happens again, the small investor pouring cash into bond funds will get crushed again...
...I've been out of bonds other than TIPS for awhile so I may have been a bit early but better early than too late and praying for a bounce to sell into..
June, 2010
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