Some time ago I bought quite a few gilts when the ten year YTM approached the dizzy heights of 1.5%. The idea was that if there should be a crash in equities then I would have the immediate means to take advantage of that. It takes two weeks or more to transfer from a cash ISA to a shares ISA.
Conventional wisdom is that share prices and gilt values go in opposite directions. But because of worldwide central bank actions all the rule books can be thrown out of the window. EVERYTHING now seems to be grossly overpriced. Even in the US there is talk of treasuries possibly approaching negative yields. Simultaneously the Dow and the S & P are at near all time highs.
So, if gilt yields continue to fall what to do? The push for yield has forced up the prices of everything.
I am considering selling at least some of the gilts and opening a peer to peer lending ISA with the proceeds.
Would anybody like to share their experiences or thoughts on P2P?