I heard someone say this recently, and it spoke to me: “Market timing is about trying to catch the lightning; risk management is about checking the radar so you aren't standing in a field during a storm.”
You might think I’m talking about the stock market. But I’m actually referring to bond investing — and bond exchange-traded fund (ETF) trading. Because bonds have been doing a dance since last year, after rates went from zero to a very respectable amount.
