Quote:
Originally Posted by Two Bills
Absolutely, and with the prospect of some restrictions being lifted shortly, now may be the time to buy.
What to buy I haven't a clue.
Personally, went into cash bonds when retired to avoid this rollercoaster stuff.
However if I was still in the game, I would punt very soon.
Fiirst bit of goverment 'good news' and it will be 'Wacky Races' time.
JMO.  |
Consider being very careful about holding bond funds. The ten year treasury bond is selling close to .6%. Not 6% but point-6 %. There's not a lot of room to drop from here. If rates go up the value of bond funds will drop. A rate increase from .6 to 1.2 could cause a 50% drop in the value of bond funds, depending on the bond maturities. Rates have never been lower in our lifetimes (well, mine anyway).
You said you're in cash bonds. Cash is an asset class and bonds are an asset class, but cash bonds is not an asset class, so decide how much of this post actually applies to you. Be careful. Also, feel free to ignore anything I say.
Good luck. Wash your hands!
😄