For active investors: excluding real estate and accounts allocated to passive funds like Vanguard, Fidelity, etc., what's your strategy, and what are your expectations for yield?
For example, while nearly all of my 'stache is dollar-cost invested in passive bond and equity funds, I keep a tiny portion (2-3%) for active investing. Note I don't mean day trading, but rather swing trading for weeks or months. However, I am open to years.
One area that has intrigued me lately is picking specific blue-chip Corporate bonds. Admittedly, my knowledge here needs improvement. I understand the inverted correlation between price and yield, but am curious as to anyone's experience investing in specific instruments as opposed to just using a bond fund. Is it possible that, regardless of price swings, if you hold to maturity you can safely yield 8-15%+, or is that a search for the Holy Grail?
I don't mean to focus the thread on bonds necessarily. I'd also be interested to hear any active strategies that are working for you, that are generating returns above ~10%. Thank you!