May 14, 2020.
On May 11, (and May 6) we posted an expectation of a decline of 5-10% for SPY. And we are now in that pull back.
We now anticipate SPY heading back up after this minor decline, BUT THEN A significant decline June/July. (if you are trading heavy in stocks, be sure and have sell stops in place) THAT would be a good time to buy inverse funds that go up when the market declines.
We are in a bear market. Buying of bonds continues. Holding large cash positions and individual corporate bonds.
We are placing a very small starter BUY LIMIT order for IEF, the 7-10 year IShare Treasury bond etf, at $122.09.
NOW IN OUR 8TH YEAR. Go to the Core Portfolio for current holdings. Don’t forget to hit the like button. This blog is designed for retired investors seeking income.