No. of Recommendations: 0
YTD, I’ve bought $110k (face) of corporates bonds, at a cost of $91k, with a CY of 9.0%, and a YTM of 14.0%.

Obviously, few of them are invest-grade, which hasn’t been where the action is, and some of them are going to blow up. That’s has to be expected, and a more realistic return on those purchases is around 10.0%, or a bit ahead of inflation and taxes, which is my benchmark. If I keep buying at this pace, I’d be putting roughly $232k to work this year. But to continue buying just doesn’t make sense, because bonds are getting either pricy or risky.

OTOH, as Europe and the US blow up, to sell stocks short does make sense, and that’s where the bulk of my efforts will be in the next seven months.
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