…Bond markets offer ridiculously low yields.
https://www.bridgewater.com/research-and-insights/why-in-the-world-would-you-own-bonds-when
TL;DR:
I think this is the new paradigm.
For these reasons I believe a well-diversified portfolio of non-debt and non-dollar assets along with a short cash position is preferable to a traditional stock/bond mix that is heavily skewed to US dollars. I also believe that assets in the mature developed reserve currency countries will underperform the Asian (including Chinese) emerging countries’ markets. I also believe that one should be mindful of tax changes and the possibility of capital controls.
Submitted March 17, 2021 at 01:53AM by gottagetminenow https://ift.tt/3bWmG0u
