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Graham the Dog
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I’m a bit cheap, but I’ll pay more for quality. This approach extends to my investing, which makes me what’s typically called a value investor. I’m also a research psychologist, and as such I’m used to dealing with very noisy data. Consequently, I tend to take stock data with a grain of salt.
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  • US Bond Outlook - Update: Stay Away from Junk 0 comments
    May 6, 2010 3:07 PM | about stocks: HYG

    In a recent blog post, I recommended investing in high-yield bonds since they still seemed to have some capital appreciation left. The performance of high-yield bonds is similar to the performance of the stock market as a whole. You can see that in the last few days: the S&P500 is tanking, and along with it HYG, a high-yield ETF.

    So, I changed my mind. Stay out of the high-yield stuff until Mr. Market has calmed down. You might miss a bit of the run-up, but you'll still get a nice yield.

    Disclosure: no positions

    Stocks: HYG
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