The Long Investor

$TLT - SAFE HAVEN -

Added 2024-04-12 09:46:03 +0000 UTC

Price action hit exactly on the 0.618 Fib yesterday and held and finished back in the descending wedge.

This is the level we want to see hold now.

Bonds have historically been the go to for institutions when the market declines as it is a safe preservation of capital, with a dividend.....but in 2020/2021 they failed to hold their value and declined with the market, which is uncommon and a shock for many.

That being said, $TLT declined from $180 all the way down to $82 in October 2023....making this a very attractive buy now at $89/$90 in terms of risk v reward.

Historical support line is at $115, so I expect a drift back to this level over the next 12-18 months.

Treat Bonds like your Home mortgage, you don't need to check the price every day but systematically adding at these levels is a safe bet.