- It is my opinion, when considering both the inflation component and the credit risk component, that most bonds are not providing any real value currently.
- One strategy that should be considered is not buying any more bonds at present. The second is to take a careful look at your portfolios to determine if the yield to call or the yield to maturity indicates that you should take some profits while the opportunity is present.
- The pivot that I suggest is utilizing some carefully selected CEFs and some ETFs to feed the yield gap both for inflation and for credit risk.
For further details see:
A Pivotal Moment