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Darryl Baird's avatar

Crazy times. The bond market was the invisible force that gets little attention, but carries a big stick. I (we) got desperate in late February, believing what was coming wouldn't be a quick disruption, and we (so far) have been right. On March 4th, I sold out of our major portfolio holdings. The next day I took 2/3 of the nest egg and invested in GDX. It has risen 22% over the short time span of 28 trading days. Total surprise, combined with luck. Yesterday we reached our annual goal of having enough cash in the bank to pay our basic bills to Jan. 2026. "Investing" will switch to concentrating on longer horizons.

Maverick, I SO appreciate the insights you provide. Financial forecasting is a tough business! Onward.

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Maverick Equity Research's avatar

Crazy indeed Darryl!

Oh yes, as you say exactly, the bond market = the bond vigilantes :). I did post this on Twitter before the market opened and the tariff pause was enacted https://x.com/Maverick_Equity/status/1909869859116134523

Wow, that is epic, glad for you and kudos! 💪 Skill first, then some luck can make for big strides! Glad you made the switch now after, otherwise a reminder that over-confidence can kick in easily and it can bite you. Enjoy the win! You deserve it!

GDX run is amazing, hope my Special Situation on Gold was complementary and helped!

https://maverickequityresearch.substack.com/p/maverick-special-situation-6gold

Welcome Darryl, way more incoming from my side, though step by step, focusing on quality as always! Indeed, forecasting is quite a business, not lacking any 'challenge' in my life for sure 😉

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Macro Equities's avatar

Thanks Mav! Great charts!

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Maverick Equity Research's avatar

Welcome, glad to hear!

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PK Shrivastava's avatar

Short and sweet!

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Maverick Equity Research's avatar

that's it! cheers!

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Felipe's avatar

Great insights

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Maverick Equity Research's avatar

Glad to hear, have a good day!

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