Interest rates will probably continue to rise for the rest of my life time -- which means that bond prices will fall. For the last 2 centuries, each upleg or downleg in the bond rate cycle has lasted from 21 - 36 years.
I hold no bonds and don't intend to do so again.
Small cap biotechs are speculative by nature. 1 win allows me to have several losses. I don't speculate with rent money or any funds that I may require.
But I do like this sector and will continue to make investments.
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