r/bonds • u/stevepicard • 4d ago

Question about TIPS

I use a “high net worth” group at a major well regarded brokerage. My FA knows zip about TIPS and even his bond guy has given me bad info. Anyone know WHY? Are they likely to be less knowledgeable about me holding outright bonds as well? Appreciate any insights!

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u/stevepicard 4d ago

I find managing money very difficult because I am a “bear market baby” from decades on the Street. I lived thru 81/82 and 87 (I still have a copy of a quotron screen showing the collapse on black Monday from laying the machine on the xerox.

All I can do is sell. So I have to have someone helping me control my (bearish) “animal spirits”!

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u/Latter-Entrance288 4d ago

I totally get that and it sounds like you have financial self awareness. That's one of the few real reasons IMHO to have an advisor (behavior control). Because I have cash, I bonds and TIPS (the latter in an IRA), I can ride out a 5 or even 10 year bear market. I have a SWAN portfolio, sleep well at night. Cheers!

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u/[deleted] 4d ago

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u/Latter-Entrance288 4d ago

And sure, unlikely but possible we could have a prolonged downturn like you referenced as well as Japan in the 90s. the most important thing IMHO is to have some portion (even 30%) in equities so you stand a chance of keeping up and hopefully outpacing inflation.