But going forward it’s probably gonna be tougher. So I ask those laughing at money in nearly zero percent bonds, what are you actually doing as an alternative? - Daryll44
My home and land are paid for and I haven’t had a mortgage for twenty plus years. And I am not laughing at anybody. But here is my perspective. I have about 40% of my portfolio in MM right now and like you I had enjoyed a nice overall return due to the performance of the equity side of my portfolio.
But the only reason I have that much in non performing MM setting around is because I am leery of putting it into equities right, now with valuations and PE’s in the stratosphere. I would prefer to be 95% equities. But prudence tells me to wait, even if it takes years, for this bubble to burst, and then that would be time to back up the truck as they say. I will say I am investing for the benefit of my heirs as I don’t depend on my portfolio for retirement income, so that makes a big difference.