in case it wasn't shared, check out ticker "XONE" - 0.3% expense ratio

"One Year Target Duration US Treasury ETF seeks to track the investment results of an index which contains U.S. Treasury securities that have an average duration of approximately 1 year."

Looks like its working to me

I was just listening to the man again. I don't give a shit what the economy does

i love my treasuries. they won't let me down

HB said gold would move during inflation. If we take his word at face value, we can conclude we've only had mild inflation these past 2 years despite what the CPI and other figures indicate.

I'm trying to wrap my head around something. If rising rates are deflationary, when do bonds benefit from it? Because we all just witnessed bonds get slaughtered amidst the prospect of rising rates.

At the end of the day HB was a libertarian and I think he recommended USD only because it was the reserve currency. But in his book he also did say to keep some cash outside of the US...swiss francs for example. I wonder if, metaphorically, BTC fits that bill....no pun intended

I think HB was deeply mistrusting of the government. Enough so that he would have been an advocate for owning some Bitcoin. Perhaps in the VP, if not the PP.

Harry Browne was confident that cash would only do well during periods of "tight money". Makes sense we are in this environment as the FED is doing exactly that by raising rates and selling assets. But HB also said "tight money" is temporary and eventually inflation/deflation will resume. So just st...

Bonds are looking cheap relative to stocks:

Today VOO / TLT = 3.36
Last year VOO / TLT = 2.78
2 years ago VOO / TLT = 1.64

You can get over 3 tlts for the price of one VOO!!!

Mr. Gundlach consistently touting the PP: https://www.youtube.com/watch?v=ECe4xLSkvZo&t=16m7s

just look at DXY. Of all the currencies, the dollar is what people want right now. Even Bitcoin has been flat while the dollar is rallying

Cortopassi wrote: ↑

Tue Apr 26, 2022 10:03 pm

I still have some TLT that I am writing calls on

I use EDV instead of TLT and I've been tempted multiple times to sell calls on it but I never do. Why? Because I know as soon as a sell a call, some massive event will happen and TLT/EDV will skyrocket and I'll be selling for a pittance

jalanlong wrote: ↑

Wed Mar 02, 2022 11:28 am

Does anyone worry about how uneven the sector coverage is in most US Market ETFs?

Nope, the S&P 500 is self-healing. Failing companies create space for others

Thanks for sharing, yeah a 60/40 this year would be nothing but pain. PP is having some pain but its quite minimal in comparison

Inflation is always a lagging indicator. HB said gold will move when inflation surpasses 8, 9%. But the caveat is that much of this inflation is supply chain related. Time will reveal the truth. Glad to be in gold regardless.

buddtholomew wrote: ↑

Mon Mar 28, 2022 2:34 pm

The PP is truly fantastic in how poorly it performs.
If you try and protect yourself from everything, you protect yourself from nothing.

backwards take. PP is offensive on all fronts, not defensive

Peter Schiff basically calls any one buying long term bonds a moron: https://www.youtube.com/watch?v=cfdyuSEaSQo


Still buying tho

Not sure if this is allowed but there is facebook group for PP investors.

https://www.facebook.com/groups/291458589731062/

Now is the BEST time to up a PP. Recent events show that anything can happen at any time. I sleep like a baby.

whatchamacallit wrote: ↑

Mon Mar 21, 2022 7:46 pm

I did buy some edv today

that's the one! The ER is lower than TLT. But I don't keep a full 25% of EDV, only 18ish% because its like a leveraged TLT

I'm down almost 20% on my bond bucket lol

Is there any evidence of companies or corporations using the PP for their savings? When you consider how much inflation eats away at fiat, I would imagine large companies need a strategy to for their huge nest eggs

I Shrugged wrote: ↑

Tue Jan 11, 2022 6:27 pm

HB liked growth stocks specifically, because of how they are bid up during bull markets.

Additionally, HB said that interest rates are low during times of Prosperity. And growth stocks benefit the most in that environment.

mathjak107 wrote: ↑

Mon Jan 10, 2022 8:10 am

….nothing is standing up

I see the dollar going up. Other assets are cheaper to buy now