Matt, I just listened to your newsletter from last night and
noted all the comments on bonds (TLT). We have been completely out
of bonds since early 2020, except for one charitable foundation
that is required to keep 20% in bonds. We are just starting to look
at adding them back to other portfolios.. We will not likely buy
ETF's. We'll want to own the individual bonds so that we are
guaranteed a "yield to worst".
that weekly wedge pattern along with the MACD dif and 5th wave
is something to watch. Again you need a trigger and price may work
lower into that 5th wave for a bit. But it's something to begin
monitoring now for portfolios who use that instrument.
Clearly all the tradition RIA's who simply hold that as a
default allocation have been killed. Firms like AG Edwards who
never fully exit positions, they only rebalance once a quarter have
stayed in that the whole way down. Furthermore they've advertised
to their customers that their long term models show that TLT helps
to mitigate losses when the indexes have strong corrections LOL not
this time both down, that's why you have to have an exit strategy
for anything. Our KISS system got out of bonds nearly 2 years
ago. It's now getting to a place to start monitoring if one
has been out of it and looking to eventually add it back
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Matt, I just listened to
Posted by pkrsek on 20th of Sep 2022 at 11:34 am
Matt, I just listened to your newsletter from last night and noted all the comments on bonds (TLT). We have been completely out of bonds since early 2020, except for one charitable foundation that is required to keep 20% in bonds. We are just starting to look at adding them back to other portfolios.. We will not likely buy ETF's. We'll want to own the individual bonds so that we are guaranteed a "yield to worst".
that weekly wedge pattern along
Posted by matt on 20th of Sep 2022 at 11:44 am
that weekly wedge pattern along with the MACD dif and 5th wave is something to watch. Again you need a trigger and price may work lower into that 5th wave for a bit. But it's something to begin monitoring now for portfolios who use that instrument.
Clearly all the tradition RIA's who simply hold that as a default allocation have been killed. Firms like AG Edwards who never fully exit positions, they only rebalance once a quarter have stayed in that the whole way down. Furthermore they've advertised to their customers that their long term models show that TLT helps to mitigate losses when the indexes have strong corrections LOL not this time both down, that's why you have to have an exit strategy for anything. Our KISS system got out of bonds nearly 2 years ago. It's now getting to a place to start monitoring if one has been out of it and looking to eventually add it back