The Contrarian

[aim hier]

TF,

Are you busy with tax season starting?

I don't even hold short term bonds, though I agree that I'd be more likely to hold them than longer term bonds at the moment. There are closed end funds that invest in convertibles, but they trade more like equities than bonds.

I'm looking to maximize my portfolio gains, even though I'm retired. Over long time periods (hopefully, they are in my future), equities tend to way outperform bonds. I have several means to address a major correction. I'm diversified over a number of asset classes, just not any fixed income assets. I have sometimes invested in convertibles, and floating rate funds (loan participations).

the last two years have been great for me, I am certainly following the markets closely, and will become more defensive when conditions warrant. Most of my income comes from the sale of options, which also serve as partial hedges.