yep , just noticed morningstar still has not updated. but even so .33% is still very low for a 200 point day . no doubt bonds are weighing on things fidelity growth and income was up more than 2x that.
as if you can't tell , i am a big believer not in market timing but in fitting investments better in to the big picture nudging them back on course like steering a big ship.
buy and sit worked fine for 40 years but once something like rates which can run cycles spanning decades reverses it isn't like waiting for a stock market cycle.
just my own opinion.
unless i wanted a truly defensive portfolio like the permanent portfolio which i have sat with in the past i prefer a bit more active approach .
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You cant measure anything in one day. The Sp500 is +3.9% or so. Wellington is +2.4% or so. Its 65% stocks and 35% bonds.
If Wellington's stocks have a return of 3.9% YTD like the SP500, then its bonds have an approx return of -0.3%. Their bonds aren't exactly getting routed. The stocks may be doing a little worse than the SP500 and the bonds a little better. We don't know. The point is that bonds aren't getting killed and if you had put your bond allocation in cash 3 years ago when everyone started talking about the imminent bond rout, you are way behind.
I have my own personal mix of stock funds and bond funds with a total AA of 60/40 and my YTD return is 3.7%. My 40% bonds aren't killing me at all. In fact my bond funds have a YTD return of 0.6%. Nothing to write home about but better than cash
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