Today's market sell-off, triggered by escalating tariff tensions, has been severe. However, my long-standing position $iShares 20+ Year Treasury Bond ETF(TLT)$ has demonstrated resilience, maintaining a modest gain.

As a strategic investor, I've been auto-investing in TLT for over a year, anticipating a rally in response to potential interest rate cuts. Nevertheless, despite this lengthy holding period, my average entry price remains above current market levels.

While acknowledging the importance of a long-term perspective, I'm underwhelmed by the prospect of merely breaking even after a year. In my view, a satisfactory trade should generate a minimum annual return of 10%. What am I missing here?