[manaboutown]

I agree with what Warren Buffett had to say about incorporating bonds into long term investing plans. I only bought bonds way back when interest rates were very, very high and had nowhere to go but down. I bought them for both yield and capital gain - which worked out nicely. Of course once one reaches retirement age and is looking for income that probably changes. Unfortunately at today's ridiculously low interest rates bonds are in a bear market. Buffett says 'terrible mistake' for long-term investors to be in bonds | Reuters