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We might as well get used to it; rates are likely to stay lower for longer.
All around the world, there are around $17 trillion in assets "offering" negative yield, which is to say whatever government you're financing promises to give most of your money back at maturity.
Investors are seeking the return of their money rather than return on their money.
Here in the United States, the president is pounding the table for lower interest rates to boost the economy; the Fed is speculating openly about a global slowdown and a protracted trade war.
Same old, same old.
The only ones that even hint of something different are the "permabears" - you know, the folks who always talk about doom, gloom, and the end of the world.
So, oddly enough, I find myself asking...
About the Author
Tim Melvin is an unlikely investment expert by any measure. Raised in the "projects" of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. But he knew the real money was in the stock market, so he set sights on investing - and by sheer force of determination, he eventually became a financial advisor to millionaires. Today, after 30 years of managing money for some of the wealthiest people in the world, he draws on his experience to help investors find "unreasonably good" bargain stocks, multiply profits, and build their nest eggs. Tim tirelessly works to find overlooked "hidden gems" in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the "Little Book of" Investment Series and a "Junior Chamber Course" geared towards young adults that teaches Graham's principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of Peak Yield Investor.
I read through the whole thesis of the 'play' and have no clue as to what I just read. Meaning that i know nothing about the bond market, bond ETF's, options plays within that venue.
Could your team suggest a book or set of 'lesson's' that would educate me enough to be able to understand what I just read, at least enough to be able to participate in a trade and know what I"m doing and why?
Thx for the tlt option. I am buying.
Lakhsmi Patel