Another bloodbath day.
Yet, I'm chill. And not because of that you know what Reddit phrase.
Was already mostly in short duration bonds and AAA CLOs at the beginning of the year due to realizing the market was extremely overvalued and volatile. Small equity exposure < 10%-15% I'd say.
Before the recent Liberation Day I'd already eliminated all CLO positions - after seeing that yield spread grow. De-risking, even for a "safe" asset like AAA CLOs.
I briefly also held some high yield bond ETF / CLOs - BBB kind...but sold those a couple of weeks ago as well when I saw them breaking down due to price action.
Dabbled in some Int'l ETFs / Europe Defense trade - but took some small losses when those trades reversed in the last week or two.
Now < 1% equity positions - for old time's sake. < 5% gold
I'm up for the year < 1% more or less (Multi-6 figure portfolio USD). My performance is nothing to write home about...but the moral of the story:
# sometimes, not losing is winning.
sometimes boring, is exciting!
Bills, bonds, and TIPS!
On that note -- looking to re-enter market soon....but due to life situation, will stay mostly in bonds. As for when....in the next few days might be alright.