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When TINA Becomes TIGA: Bonds Are an Alternative Again
For most of my investing career the market has run on TINA, the idea that there is no alternative to stocks, and that made decisions very easy. With the 10-year hitting a fresh 24-year high near 5.3%, I think we have quietly shifted into what Lance Roberts of realinvestmentadvice.com is calling TIGA, there is a good alternative. I am not telling you to sell your stocks, and I am still a stocks-and-Bitcoin buy-and-hold investor at heart, but when a six-month T-bill pays a real yield above inflation and the equity risk premium has fallen to roughly zero, you may consider parking some cash in…
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