Market Cap N/A
Revenue (ttm) 61.29M
Net Income (ttm) 60.21M
EPS (ttm) N/A
PE Ratio N/A
Forward PE N/A
Profit Margin N/A
Debt to Equity Ratio N/A
Volume 100
Avg Vol 130,698
Day's Range N/A - N/A
Shares Out N/A
Stochastic %K 5%
Beta N/A
Analysts Strong Buy
Price Target N/A

Company Profile

Industry: Asset Management
Sector: Financial Services
Phone: 813 791 7333
Fax: 213 253 2688
Address:
2002 North Tampa Street, 2nd Floor, Tampa, United States
rsmracks
rsmracks Feb. 1 at 1:25 PM
$DLY $BGT $SCHP $KORP $TLT Why This is a Good Idea (2026–2031) Attractive Yields: After significant Fed rate hikes, bond yields are historically high, offering a solid income base, even with some expected rate cuts. Reduced Volatility: Weekly accumulation (DCA) helps smooth out the purchase price, protecting you from buying exclusively when prices are high. A five-year horizon fits well with intermediate-term bonds, which offer a balance of better yields than short-term instruments without the extreme price volatility of long-term bonds. Diversification: Bond funds offer instant diversification, reducing the credit risk of holding individual bonds. Recommendations for the Next 5 Years Focus on Quality: Favor high-quality investment-grade corporate or treasury bonds. Intermediate Duration: Focus on bond funds with an average maturity of 3–8 years to maximize income while limiting interest-rate sensitivity. Tax Considerations: tax-advantaged account (IRA/401k), consider muni funds
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rsmracks
rsmracks Jan. 29 at 10:42 AM
$TLT $NMCO $SCHP $DLY $BGT Why bonds? Diversification Cushion: Historically, bonds have maintained a negative or low correlation to stocks, meaning they often gain value when stocks plummet, providing crucial portfolio protection. Yield Cushion: As of late 2025, bonds are better positioned to handle sell-offs compared to 2022 because higher starting yields (e.g., 3.8% in Q4 2024 vs. 1.5% in Q1 2022) provide income that can buffer against price declines. Scenario-Dependent Performance: If a 40% stock market drop is driven by recession fears (causing interest rates to fall), bond prices will likely rise. If it is caused by a massive spike in inflation and rates (a "stagflation" scenario), bond funds could experience temporary price declines. Overall, while the 60/40 portfolio (60% stocks, 40% bonds) has experienced drawdowns, it generally sees significantly shallower losses than a 100% stock portfolio. Eventually I see my account 50% commodities and 50% bond funds.
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rsmracks
rsmracks Jan. 26 at 1:40 AM
$DLY $TLT $KORP $SCHP $NMCO The top 6 funds on the list are already in my portfolio. I have 5 more that I will add. The last fund is more of place to hold cash while I’m possibly waiting to deploy funds into a ticker/tickers. SHV is like a money market or high yield savings account. Yields around 4% So technically, these 10 funds will be my bond portfolio that will make up 25% of my portfolio by the end of Q1 2026. 10 funds x 2.5% positions. You’ll notice that I’m covering all types of bonds. Short term treasuries. Mid duration and long duration government debt. Mid to long term corporate debt. Leverage corporate debt and non levered. Different quality grades. Investment grade and some below investment grade Muni’s with leverage and different qualities. Yields should average around 6% It’s all about capital preservation while generating monthly/quarterly dividends.
1 · Reply
rsmracks
rsmracks Jan. 20 at 1:10 PM
$TLT $BND $DLY $SPY $JPM Longer dated bonds are pushing higher. Like I’ve been saying, The FED rate doesn’t matter. People want to get paid to hold this mountain of debt. The 200 point spread is forming. Like I said it would.
1 · Reply
rsmracks
rsmracks Jan. 19 at 3:32 PM
$SPY $TLT $DLY $BGT $BND A "frozen" bond market—characterized by a severe lack of liquidity where trading halts, new issuance dries up, and buyers disappear—typically acts as a precursor to or symptom of a severe financial crisis, such as in 2008 or early 2020. If the market is frozen for the next 6 months, it generally implies a period of high volatility, elevated credit risk, and widening spreads Here is what this means for bonds over the next 6 months: Plunging Prices and Spiking Yields: As dealers stop making markets and liquidity evaporates, investors rush to sell, driving bond prices down and yields up, often regardless of the underlying credit quality. Corporate Bond Distress: Corporate bond issuance will likely decline dramatically. Companies with upcoming debt maturities will face extreme difficulties refinancing, significantly increasing default risks. Extreme Volatility: The market will likely experience "deleveraging convulsions," with large, sudden swings in value.
2 · Reply
rsmracks
rsmracks Jan. 18 at 3:56 AM
$DLY $BGT $NMCO $XOP $XLE Leveraged funds versus non leveraged. DLY, BGT and NMCO are closed end funds own. All three are leveraged. When a market downturn occurs, the pricing pressure will affect them the most. First they would more than likely need to shed the leverage. While DLY is running 14+% leverage, BGT is basically flat with .15% leverage. Now NMCO is running 42% leverage. That could be an issue. XOP and XLE are both non-leveraged ETF’s. While I hold several individual energy tickers, like CTRA, EGY, ET, PBR-A, REI, RNGR and TTE, I’ve been building my XOP and XLE positions the most. Individual Stock Risk vs. ETF Diversification: Individual stocks, especially in the cyclical energy sector, carry higher idiosyncratic risk, meaning they can experience much deeper, faster declines than a diversified ETF, notes Matt Willer of Phoenix Capital Group. While an individual stock has higher potential for gains, it also has a higher risk of "dying by the sword" during a downturn.
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rsmracks
rsmracks Jan. 6 at 11:07 AM
$DLY $BGT $KORP $PHK $PTY “Corporate bonds as an asset class outperformed government bonds of a similar maturity by over 1.2 percentage points. The same is true for mortgage-backed securities, which outperformed similar Treasuries by 1.6 points.” You’ll recall, for the last 2 years or so, I’ve been suggesting to accumulate corporate bonds. If you want some diversification in your accounts, adding a few bond funds is a good idea. There are hundreds of ways to do this. Via mutual funds, closed end funds and ETF’s. I’m still accumulating bond funds. I will hold more corporate bonds, but have and will add more Muni’s and government bonds as well. https://www.morningstar.com/funds/how-largest-bond-funds-did-2025
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rsmracks
rsmracks Jan. 1 at 12:50 AM
$DLY $DBL $NMCO $PHK $MYD There’s over 300 fixed income closed end funds to look through. Most CEF use leverage. Just an FYI. Some more than others. Most ETF’s are not leveraged, but have lower yields. I will be investing in multiple bond funds. Some will be levered CEF’s and some will be non levered ETF’s I have a solid list of individual bonds that yield 4-6%, but they only payout 2 times annually. So, I’m going to accumulate bond funds that pay monthly. I just turned 50 and by the time I’m 55, I want to be able to financially retire. While I want ever actually retire, I want monthly distributions in place that could allow me too. I’m going to continue compounding unit/share count. https://www.cefconnect.com/closed-end-funds-daily-pricing
2 · Reply
rsmracks
rsmracks Dec. 31 at 11:42 PM
$SPY $JPM $TLT $DLY $BGT “Despite a potential AI tailwind, global GDP growth is forecast to moderate in 2026 amid the hit to international trade from Trump’s tariff policies. Consumer demand – squeezed by years of elevated inflation and borrowing costs – remains under pressure.” I will continue executing my plan as we move into 2026. 50% miners 20-25% bond funds 20-25% energy I’m going to move into some fertilizer positions again as well as emerging markets. Looking for more dividends/distributions moving forward. https://www.theguardian.com/business/2025/dec/30/five-charts-that-explain-the-global-economic-outlook-for-2026
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rsmracks
rsmracks Dec. 30 at 11:41 AM
$SPY $JPM $DLY $BGT $PCN The pressure will continue to build. Especially if interest rates remain elevated. The days of cheap money are gone. It doesn’t matter what the FED does with short term rates. Longer term debt is going to cost more. Margin compression is coming and my timelines still remain in place. Peak markets 2026. Rollover in 2027. The powers that be will dump The Big Ugly on Trumps watch. Global reset is coming. The government’s around the world need to allow things to fail when it all starts occurring. It’s the only way to truly cut the fat. Unrealistic evaluations and absolute euphoria will slaughter the markets. Prepare yourselves. Default Risk: The average U.S. corporate default risk was elevated (around 9.2%) heading into 2025, a post-financial crisis high, according to Moody's. Maturities: A significant portion (38%) of outstanding corporate bond debt is set to mature by 2027, posing refinancing challenges at higher rates, reports the OECD.
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rsmracks
rsmracks Feb. 1 at 1:25 PM
$DLY $BGT $SCHP $KORP $TLT Why This is a Good Idea (2026–2031) Attractive Yields: After significant Fed rate hikes, bond yields are historically high, offering a solid income base, even with some expected rate cuts. Reduced Volatility: Weekly accumulation (DCA) helps smooth out the purchase price, protecting you from buying exclusively when prices are high. A five-year horizon fits well with intermediate-term bonds, which offer a balance of better yields than short-term instruments without the extreme price volatility of long-term bonds. Diversification: Bond funds offer instant diversification, reducing the credit risk of holding individual bonds. Recommendations for the Next 5 Years Focus on Quality: Favor high-quality investment-grade corporate or treasury bonds. Intermediate Duration: Focus on bond funds with an average maturity of 3–8 years to maximize income while limiting interest-rate sensitivity. Tax Considerations: tax-advantaged account (IRA/401k), consider muni funds
0 · Reply
rsmracks
rsmracks Jan. 29 at 10:42 AM
$TLT $NMCO $SCHP $DLY $BGT Why bonds? Diversification Cushion: Historically, bonds have maintained a negative or low correlation to stocks, meaning they often gain value when stocks plummet, providing crucial portfolio protection. Yield Cushion: As of late 2025, bonds are better positioned to handle sell-offs compared to 2022 because higher starting yields (e.g., 3.8% in Q4 2024 vs. 1.5% in Q1 2022) provide income that can buffer against price declines. Scenario-Dependent Performance: If a 40% stock market drop is driven by recession fears (causing interest rates to fall), bond prices will likely rise. If it is caused by a massive spike in inflation and rates (a "stagflation" scenario), bond funds could experience temporary price declines. Overall, while the 60/40 portfolio (60% stocks, 40% bonds) has experienced drawdowns, it generally sees significantly shallower losses than a 100% stock portfolio. Eventually I see my account 50% commodities and 50% bond funds.
0 · Reply
rsmracks
rsmracks Jan. 26 at 1:40 AM
$DLY $TLT $KORP $SCHP $NMCO The top 6 funds on the list are already in my portfolio. I have 5 more that I will add. The last fund is more of place to hold cash while I’m possibly waiting to deploy funds into a ticker/tickers. SHV is like a money market or high yield savings account. Yields around 4% So technically, these 10 funds will be my bond portfolio that will make up 25% of my portfolio by the end of Q1 2026. 10 funds x 2.5% positions. You’ll notice that I’m covering all types of bonds. Short term treasuries. Mid duration and long duration government debt. Mid to long term corporate debt. Leverage corporate debt and non levered. Different quality grades. Investment grade and some below investment grade Muni’s with leverage and different qualities. Yields should average around 6% It’s all about capital preservation while generating monthly/quarterly dividends.
1 · Reply
rsmracks
rsmracks Jan. 20 at 1:10 PM
$TLT $BND $DLY $SPY $JPM Longer dated bonds are pushing higher. Like I’ve been saying, The FED rate doesn’t matter. People want to get paid to hold this mountain of debt. The 200 point spread is forming. Like I said it would.
1 · Reply
rsmracks
rsmracks Jan. 19 at 3:32 PM
$SPY $TLT $DLY $BGT $BND A "frozen" bond market—characterized by a severe lack of liquidity where trading halts, new issuance dries up, and buyers disappear—typically acts as a precursor to or symptom of a severe financial crisis, such as in 2008 or early 2020. If the market is frozen for the next 6 months, it generally implies a period of high volatility, elevated credit risk, and widening spreads Here is what this means for bonds over the next 6 months: Plunging Prices and Spiking Yields: As dealers stop making markets and liquidity evaporates, investors rush to sell, driving bond prices down and yields up, often regardless of the underlying credit quality. Corporate Bond Distress: Corporate bond issuance will likely decline dramatically. Companies with upcoming debt maturities will face extreme difficulties refinancing, significantly increasing default risks. Extreme Volatility: The market will likely experience "deleveraging convulsions," with large, sudden swings in value.
2 · Reply
rsmracks
rsmracks Jan. 18 at 3:56 AM
$DLY $BGT $NMCO $XOP $XLE Leveraged funds versus non leveraged. DLY, BGT and NMCO are closed end funds own. All three are leveraged. When a market downturn occurs, the pricing pressure will affect them the most. First they would more than likely need to shed the leverage. While DLY is running 14+% leverage, BGT is basically flat with .15% leverage. Now NMCO is running 42% leverage. That could be an issue. XOP and XLE are both non-leveraged ETF’s. While I hold several individual energy tickers, like CTRA, EGY, ET, PBR-A, REI, RNGR and TTE, I’ve been building my XOP and XLE positions the most. Individual Stock Risk vs. ETF Diversification: Individual stocks, especially in the cyclical energy sector, carry higher idiosyncratic risk, meaning they can experience much deeper, faster declines than a diversified ETF, notes Matt Willer of Phoenix Capital Group. While an individual stock has higher potential for gains, it also has a higher risk of "dying by the sword" during a downturn.
1 · Reply
rsmracks
rsmracks Jan. 6 at 11:07 AM
$DLY $BGT $KORP $PHK $PTY “Corporate bonds as an asset class outperformed government bonds of a similar maturity by over 1.2 percentage points. The same is true for mortgage-backed securities, which outperformed similar Treasuries by 1.6 points.” You’ll recall, for the last 2 years or so, I’ve been suggesting to accumulate corporate bonds. If you want some diversification in your accounts, adding a few bond funds is a good idea. There are hundreds of ways to do this. Via mutual funds, closed end funds and ETF’s. I’m still accumulating bond funds. I will hold more corporate bonds, but have and will add more Muni’s and government bonds as well. https://www.morningstar.com/funds/how-largest-bond-funds-did-2025
1 · Reply
rsmracks
rsmracks Jan. 1 at 12:50 AM
$DLY $DBL $NMCO $PHK $MYD There’s over 300 fixed income closed end funds to look through. Most CEF use leverage. Just an FYI. Some more than others. Most ETF’s are not leveraged, but have lower yields. I will be investing in multiple bond funds. Some will be levered CEF’s and some will be non levered ETF’s I have a solid list of individual bonds that yield 4-6%, but they only payout 2 times annually. So, I’m going to accumulate bond funds that pay monthly. I just turned 50 and by the time I’m 55, I want to be able to financially retire. While I want ever actually retire, I want monthly distributions in place that could allow me too. I’m going to continue compounding unit/share count. https://www.cefconnect.com/closed-end-funds-daily-pricing
2 · Reply
rsmracks
rsmracks Dec. 31 at 11:42 PM
$SPY $JPM $TLT $DLY $BGT “Despite a potential AI tailwind, global GDP growth is forecast to moderate in 2026 amid the hit to international trade from Trump’s tariff policies. Consumer demand – squeezed by years of elevated inflation and borrowing costs – remains under pressure.” I will continue executing my plan as we move into 2026. 50% miners 20-25% bond funds 20-25% energy I’m going to move into some fertilizer positions again as well as emerging markets. Looking for more dividends/distributions moving forward. https://www.theguardian.com/business/2025/dec/30/five-charts-that-explain-the-global-economic-outlook-for-2026
1 · Reply
rsmracks
rsmracks Dec. 30 at 11:41 AM
$SPY $JPM $DLY $BGT $PCN The pressure will continue to build. Especially if interest rates remain elevated. The days of cheap money are gone. It doesn’t matter what the FED does with short term rates. Longer term debt is going to cost more. Margin compression is coming and my timelines still remain in place. Peak markets 2026. Rollover in 2027. The powers that be will dump The Big Ugly on Trumps watch. Global reset is coming. The government’s around the world need to allow things to fail when it all starts occurring. It’s the only way to truly cut the fat. Unrealistic evaluations and absolute euphoria will slaughter the markets. Prepare yourselves. Default Risk: The average U.S. corporate default risk was elevated (around 9.2%) heading into 2025, a post-financial crisis high, according to Moody's. Maturities: A significant portion (38%) of outstanding corporate bond debt is set to mature by 2027, posing refinancing challenges at higher rates, reports the OECD.
2 · Reply
rsmracks
rsmracks Dec. 28 at 10:17 PM
$SPY Yes, it is possible to have a scenario where home prices are deflating while the value of metals, particularly precious metals like gold and silver, is inflating. This often occurs during periods of significant economic instability or "meflation," where different sectors of the economy behave differently The above is what I see coming. Just wait until yields actually move higher and oil/gas make their moves. This will begin in H2 2026 and 2027. Home supply peaks for this cycle in 2026. Inflation starts building strength again as the FED cuts short term interest rates. 2026 is going to be a ride for miners. 2027 will be the year for oil/gas. Bonds will outperform the SPY over the next 10 years. Those have been my calls and I’m sticking to them. Buckle up and get out of debt. 💸 $XOP $XLE $DLY $TLT
1 · Reply
rsmracks
rsmracks Dec. 28 at 1:08 PM
$IGIB Here’s an example of an investment grade corporate debt bond fund. For two straight years we’ve seen steady buy volume. It pays a monthly dividend, which currently yields 4.58% Loan duration 5-10 years. I’m personally building and accumulating a mix of corporate debt, municipals and federal government bonds. Some of my corporate debt funds are higher risk than others. Those offer yields in the 8-12% range. Muni’s around 4-5% that are free of federal income tax and a mix of other bond funds. Funds will be a mix of short duration, mid duration and long duration. TLT is what I’ll be using for longer term debt. Building a 20-25% portfolio weight. 2-3% weights x 8-10 funds. Miners and energy will make up the rest of my portfolio for the most part. $DLY $BGT $NMCO $PGP
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rsmracks
rsmracks Dec. 28 at 12:41 PM
$DLY $BGT $VCIT $NMCO $NUV Fixed income could outperform the broader market over the next decade due to significantly higher starting yields (offering rich income streams), potential central bank rate cuts boosting bond prices, strong demand from income-seeking investors, and their classic role in diversifying equity risk, especially if economic growth slows or inflation moderates, creating a favorable backdrop for bonds to provide capital preservation and income alongside potential capital appreciation from falling rates. Elevated Yields: After years of low rates, current yields on many bonds (like Treasuries and Munis) are the most attractive in a generation, providing a strong income foundation. Diversification & Stability: Bonds provide crucial portfolio diversification, capital preservation, and liquidity, especially during equity market volatility. There’s many reasons I’m restructuring my Portfolio, but capital preservation is probably the #1 reason.
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rsmracks
rsmracks Dec. 21 at 3:36 AM
These are a few bond funds that I’ve added to my list. $DLY $BGT $TLT These are the 3 funds I’ve started positions in. As we move into 2026, I will continue taking profits with my mining positions and rotate more into bonds. I’ve also mentioned that I will be adding to my $XOP $XLE positions as well. I want more sector exposure without single ticker risk. Protecting myself from one off events. Miners are still 70+% of my portfolio. Energy is about 13% Bond funds about 4% Lately, as I trim miners and add to my other sectors, I’m not dropping below the 70+% level because miners continue to run. I’m obviously not complaining, but I will get more aggressive in January rotating. I don’t need anymore capital gains on this years taxes. NMCO DBL VCIT These 3 funds will more than likely be my next tickers in the bond space. Bond investors (creditors) are paid before equity holders (stockholders) in a company's liquidation because they have a higher claim on assets.
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rsmracks
rsmracks Dec. 17 at 11:22 PM
$TLT $PHK $DLY $DBL $BND As I’ve mentioned for many months. The 200 basis point spread will happen. Debt isn’t going to get cheaper. https://wolfstreet.com/2025/12/15/treasury-yield-curve-steepens-sharply-yields-from-2-years-to-30-years-have-risen-as-the-fed-cut-three-times-this-year/
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rsmracks
rsmracks Dec. 16 at 11:38 AM
$TLT $BND $JBND $PHK $DLY My call for well over 12 months now is for the spread to move to 200 basis points. 2 year 3% 10 year 4% 30 year 5% Depending on the labor markets, we could see those yields move higher. If the labor market actually holds up, those yields could look more like this. 2 year 3.5% 10 year 4.5% 30 year 5.5% Regardless, longer dated debt will remain higher. I will continue scaling into corporate debt, government debt and some muni bonds. This is simply a diversification plan. Miners/minerals 50% Energy 20-25% Bonds 20-25% Emerging markets 10% Currently I’m still overweight miners. Miners 70.64% Energy 12.51% Bonds 4% Technology 6% Moving into 2026, I’m going to sell out of my technology positions, reduce miners and take all dividends/distributions and build fixed income/energy positions. Capital preservation is my goal moving forward, along with monthly/quarterly dividends.
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9ForMyLostGod
9ForMyLostGod Dec. 9 at 7:53 PM
$DLY and $DSL added today. In Jeff we trust! (no not really)
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rsmracks
rsmracks Dec. 9 at 12:35 AM
$TLT $SPY $DLY $BGT The "dots" from the September meeting, when the Fed resumed its easing cycle with a 25-bp cut, showed a policy rate of 3.6% by the end of this year, 3.4% at the end of 2026, and 3.1% by the conclusion of 2027. Janus Henderson's Wilensky thinks the Fed will stick to the 3.4% policy rate next year in the dot plot, higher than the 3% being priced by the market. Examples of Funds (Tickers): iShares 7-10 Year Treasury Bond ETF (IEF): Focuses on U.S. Treasury bonds with 7-10 years remaining until maturity. iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB): Provides exposure to investment-grade corporate bonds with 5-10 year maturities. Vanguard (VGIT): Offers exposure to intermediate-term U.S. Treasuries. Vanguard-(VCIT): Tracks an index of intermediate-term investment-grade corporate bonds. I’m in BGT, DLY and TLT. I will continue adding others. https://www.kitco.com/news/off-the-wire/2025-12-08/us-bond-investors-bet-mild-easing-cycle-stick-middle-curve
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rsmracks
rsmracks Dec. 2 at 11:15 AM
$TLT $DLY $BND $BGT $JBND As I’ve been saying for a while now, keep accumulating bonds. They’ll work when the Big Ugly arrives. Out of favor sectors always come back in favor at some point. A good bond fund can generate 4-7% in yields. The lost decade in the stock market is coming. As I rebalance my portfolio into H1 2026, I can assure you, I will be adding more bonds. https://x.com/callum_thomas/status/1995594168773869980?s=46
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rsmracks
rsmracks Nov. 22 at 11:28 AM
$SPY This article was written in April 2025 It rings even more true today based on evaluations. Howard Marks, Stanley Druckenmiller and strategists at Goldman Sachs says it’s coming. “A Lost Decade”. For several years I’ve been suggesting that accumulating miners, emerging markets, energy and bonds would ultimately beat the market mid to long term. I haven’t changed my stance at all. Miners $B have officially broken out of a 20 year bottom. Emerging Markets have been firming up for several years with more upside ahead. $EWZ Historically low evaluations as well versus the SPY. Energy will outperform during a lost decade. $XOP Bonds/Bond Funds/Fixed income $DLY I will continue executing my plan into mid 2026. Remaining overweight commodities, energy, bonds and will add in some emerging markets. https://blogs.cfainstitute.org/investor/2025/04/02/market-concentration-and-lost-decades/
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rsmracks
rsmracks Nov. 20 at 12:22 AM
$TLT I’ve been accumulating TLT in my wife’s and both children’s accounts for several months now. Today I initiated my own starter position. That along with $DLY As I’ve been mentioning for a while now, it’s been a great time to accumulate bonds, bond funds and fixed income in general. I’m going to continue trimming my overweight materials/miners positions. Ultimate goal 50% miners. 25% energy 25% bonds/fixed income It’s possible that I throw in emerging markets? I could simply reduce the above sectors by 5% each and build a 15% emerging market position. Currently I’m sitting at. 70% materials 9+% energy 3+% bonds / fixed income 5+% technology 5+% biomedical 8% cash
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