The guys go west... report from Idaho



In early May, our senior leadership traveled to Coeur d'Alene, Idaho for the HBW Partners Conference. 
 
We focused on the risks of owning #fixedincome mutual funds during this prolonged, heavy selling in 2022, and the resulting 2x-3x #yields this selling has produced. 
 
In 2021, when the yields were low & the 10 year Treasury was less than 1.5%, there was 40 weeks of inflows to municipal bond mutual funds averaging $2 billion inflows a week . AKA BUY HIGH
 
In every week of 2022, as the Federal Reserve begins to raise interest rates to battle inflation, investors have yanked money from municipal bond mutual funds to the tune of $3 billion a week. AKA SELL LOW
 
 We have been locking in juicy #yields with 10 year maturities & less. 

Finally, it is very special to give a presentation with your dad & brother to a group of terrific advisors.
 
Best,
JEFF
jeff@watkinsoncap.com
 
 


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