Your bond commentary — really?
Can you offer some further clarification on your warning article concerning bonds? For a retiree who is holding a diversified bond portfolio, is your emphasis on the non-investment grade bond, including the three categories you mentioned: Corporate, Munis and Long-Term? I have left all categorized in the non-investment grade, however, thank you for explaining that some others could still slip into that category. However, as a retiree, diversified bonds are a great percentage of my portfolio. Thank you.
Terry Says
This time around because of the huge build up of corporate debt, I think bonds will not offer traditional protection to investors. Printing money to save the economy will exacerbate the problem per my latest posting. I am advising at least 20-30% in “chicken money” — money market accounts and short term CDs.
