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0 pointsscottcodie4y ago0 comments

Yes

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This is not financial advice, but get out of bonds. They are bleeding value. The coupon is not even meeting inflation. Its a bad asset. I feel very sorry for folks that are relying on this for income, retirees, etc.

The next thing you read about will be the $100T in the bond market trying to find exits to something that has any kind of return to outpace inflation.

Maybe that will be Bitcoin, an asset that has grown >100% per year for the last 10 years.

scottcodieOP4y ago

Over the past 3 years, my corporate bonds have outpaced inflation and only saw a 5% drop in price when the stock market crashed. Pretty good if you ask me. Society isn't going to abandon the idea of loaning people money to speculate in bitcoin any time soon. There is just no economic intuition to believe that bitcoin will continue to increase other than speculation.

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rfd4sgmk8u4y ago

The next thing you read about will be the $100T in the bond market trying to find exits to something that has any kind of return to outpace inflation.

Maybe that will be Bitcoin, an asset that has grown >100% per year for the last 10 years.

scottcodieOP4y ago

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