I was a faithful reader when you were a columinist for the Chicago Sun-Times and tried to get into your seminar at Governors State a few months ago- but there was no more space. I have about $360,000 in stocks, stock mutual funds and about $48,000 of that in a bond fund. I have been told that I should have a larger invetment in bonds, but I really don’t know what I should buy. I have no mortgage, an income of $135,000+ and am able to invest about $4500-$5000 every month. Suggestions would be welcome and appreciated.
Terry Says: Well, that’s a bit like calling a doctor to get a prescription for a fever without letting him examine you for all your symptoms! What you need is a complete review of your investment plan — based on your total financial situation and responsibilities, your age, your goals in life and for this money.
I will say that whoever told you to put more into bonds is nuts. When interest rates go up, bond prices go DOWN! And it’s hard to imagine interest rates going anywhere but up from here! So, obviously someone is trying to sell you some bonds and make a nice commission! You gave me your email,, so I will privately send you a couple of names/phone numbers of investment advisors that I would trust to give you some better direction.