Top Traders Unplugged

SI282: Rethinking Bonds: the Changing Role of Fixed Income ft. Andrew Beer

Feb 11, 2024
Guest
Andrew Beer
Finance and investment expert Andrew Beer discusses the changing role of bonds in investment portfolios and suggests considering alternative strategies like managed futures. They also touch on the performance of trend followers in the current market environment, the dangers of relying solely on calendar years for evaluating trends, and the changing role of the dollar and optimism towards the US economy. The conversation concludes with a discussion on the evolving nature of information and truth.
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INSIGHT

Bonds Rethought

  • The 2020s mark a significant shift in the bond market, challenging traditional portfolio allocations.
  • The historically reliable diversification benefits of bonds have diminished, prompting a need for alternatives.
INSIGHT

Managed Futures as an Alternative

  • Managed futures offer a compelling alternative to bonds for diversifying equity risk, particularly in a liquidity-focused context.
  • The current market environment creates an opportunity for managed futures to become mainstream.
ANECDOTE

The Comfort of Coupons

  • Andrew Beer's 89-year-old father values the psychological comfort of regular bond coupons.
  • This highlights the emotional aspect of investing, particularly for those prioritizing capital preservation.
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