celtosaxon
Senior Member
- Joined
- Oct 4, 2018
- Messages
- 1,700
- Reaction score
- 785
My monthly investments are never going stop, but that is into equities.
The idea behind the bond fund holdings was safety and yield. I’ve dumped a substantial amount into bond funds earlier this year, thinking they would not drop if equities did. They have now lost 12% of their value. The high yield portion lost 24%, pretty much in-line with the stock market. At least with the stock market, I can accept the risk because companies will emerge and earnings will grow... but with these bond funds? It seems like the loss due more to mechanics than fundamentals, with unknown recoverability.
The idea behind the bond fund holdings was safety and yield. I’ve dumped a substantial amount into bond funds earlier this year, thinking they would not drop if equities did. They have now lost 12% of their value. The high yield portion lost 24%, pretty much in-line with the stock market. At least with the stock market, I can accept the risk because companies will emerge and earnings will grow... but with these bond funds? It seems like the loss due more to mechanics than fundamentals, with unknown recoverability.
Lower prices should mean you find them more attractive.
I think if we’re honest with ourselves we knew there was a decent or better chance Herbert Hoover the Sequel would “nuke Denmark” metaphorically. (OK, so he nuked the U.S. Oooops.) Except for The Godfather and maybe The Terminator, the sequel is always worse. So we’ve just got to muddle through it until President Biden and Vice President (fairly soon to be President) Harris hire lots of competent public servants, with the help of Majority Leader Schumer and (please!) a no filibuster Senate. I think you just keep plugging away with monthly buys per normal, and we’ll emerge in 2021, most of us anyway. The first half of 2020 at least is just a write-off, really.