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I know a wealthy man who has the majority of his portfolio in long term US treasuries because it offers predictable income. I explained exactly why that was a risky strategy in November 2022. "4% income is a mirage if the currency devalues by 10% and you could be holding hard assets that are going up 20-40% instead." Suggested at least adding some Bitcoin as a hedge to his overweight bond portfolio. Spoke with him yesterday and it's the first time I sensed genuine concern in his voice. People like him are starting to become aware that bonds are no longer the safe haven they once were. Sadly his very large portfolio is already down 86% in BTC terms since I laid it all out for him. But if he makes moves now, he's still ahead of the majority of wealthy folks who are still lulled into a false sense of security about "income" from their "safe" treasuries.
stackhodler ↗