Date: September 19th, 2026 11:55 AM Author: free-loading fragrant goyim
I know you're trolling, but excess returns are a direct result of volatility. You can't have an investment that never goes down and also has high returns
Date: September 19th, 2026 11:21 AM Author: Light tattoo
not short term corp bonds, i had loads in GSY and PAAA, they barely moved. Also had SGOV. I wld do those three once I move out of stocks again. Ps. Im an investment professional and masterman
Date: September 19th, 2026 11:52 AM Author: Jet contagious antidepressant drug
i used to follow that up until age 35 or so (although i always capped bonds at around 15%). wish i never listened to it at all. no young person should be in bonds. i probably won't be in bonds when i'm old, either. assuming i have 25 million or more, i won't be because i can weather any downturn and i'll make my money back. the only people who should be in bonds are like 65 and have $1-3 million and need to protect their principal.
Date: September 19th, 2026 12:34 PM Author: white goal in life
The anti-bond stuff is ahistorical horseshit imho. In the actual deflationary crashes, duration did exactly what the textbook says. TLT returned about +34% in 2008 and +18% in 2020. Even LQD—investment-grade corporates with actual spread beta—finished +2.4% in 2008 and +11% in 2020. Bonds are duration, convexity, liability matching and countercyclical rebalancing inventory. When the growth shock crushes the expected short-rate path and term premium, a long Treasury gives you positive convexity precisely when equity beta is detonating.
AA corporates are a different beast. You are long rates duration + spread duration, earning carry for accepting migration/liquidity/issuance risk. Great instrument. Bad substitute for T-bills if the stated purpose is dry powder. btw, this whole situation reminds me of the State of AAA Gaming: enormous budgets, supposedly sophisticated participants, endless branding, and somehow everybody has forgotten what the underlying fuckin' product is.