Bonds were boring right up until they started paying me
I spent most of the year treating bonds like the waiting room of investing. Then the equity part of my account started doing equity things and suddenly 5% does not look boring anymore.
The annoying part is the boring trade does not need a 40-tweet thesis or a lucky earnings call. It just sits there and collects interest while I invent new ways to lose money.
Are you actually adding duration here, or is this just a temporary “I learned my lesson” phase?
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