While being a long term investor I think it could still be worth it to look at shorter term ideas. One of those is a bond trade. $BND is one of the largest bond indexes around and has gotten crushed this year.

Down over 17% YTD bonds have not done well. I attribute much of this performance to the FED raising rates. In general as bond yields go up prices come down. Given that this Fund has over 60% exposure to government grade bonds I had an idea.

With the FED planning to cut rates starting in 2024 I would think you could collect the over 2% dividend yield on $BND and wait for rate cuts. When they happen I would expect the price of most government bonds to rebound.

Granted the idea doesn't work if we enter a prolonged period of low rates and the FED doesn't raise rates in the future.

Again a fairly simple trade idea but one I think might be effective.