It turns out during the recent U.S./China battle the trade to have made was to buy bonds such as Vanguard GNMA.
Yesterday, when the Dow fell 600 points, or 2.38%, and the tech-stuffed NASDAQ cratered (3.41%), Vanguard GNMA was up. Not a lot. But it made money nonetheless.
The sooner you install a counterbalanced strategy with your hard-earned money, the more comfortable you’ll feel in times like these.
The key to enjoying the retirement you deserve is to understand that markets can become violent, and when they do, bonds can be your best defense.
Originally posted on Your Survival Guy.
Latest posts by E.J. Smith (see all)
- Part II: The IRS is Coming for Your IRA - July 18, 2019
- Beat the IRS: Roth IRAs for Your Kids and Grandkids - July 17, 2019
- The FIRE Movement by the Numbers - July 16, 2019