It’s something we’ve been saying at Weiss consistently over the last year — stay away from longer-term Treasuries.
And now, as the year comes to a close, you’re seeing why … the “safe” investments are having their worst year in decades.
Interestingly enough, the story linked above says:
“Individuals are among the biggest recent buyers of Treasurys, alongside the usual suspects such as foreign investors and money market funds.”
This is just yet another example of how investors need to think for themselves, and anticipate rather than react.
I’ve said it before, but the time to buy inflation protection is when people are worried about deflation …
The time to scoop up junk bonds is when the world is supposedly collapsing …
The time to buy long-term Treasuries will be when yields are above long-term historical averages.
And that time could be coming sooner than you think. =^)
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Nilus: Nice picture of you in front of the TAJ out in AGRA. It brings back fond memories of my travels there as well. It certainly is a Wonder not to be missed when in Dehli.
Happy New Year, Tony J.
Trident Wealth Management, LLC
Scottsdale, Arizona