Quote:
Originally Posted by Robbb
But what is everyone doing to replace or augment their bond portfolio? I'm in the process of rebalancing and I'm struggling with having 30% of my portfolio earning 3 maybe 4% in BND or similar total bond funds.
|
Don’t believe the “wisdom” about holding bonds. That’s just how “wealth managers” keep you coming back so you can line their pockets. Buy into a good no-load low price index fund mutual fund that buys all or most of the Dow stocks. Hold onto it. I’ve never had bonds. In the past eight years the Dow has risen from around 20,000 to around 45,000. That’s a 125% growth. It dropped a lot during Covid, and there were a couple slow years, but I made around 20% this year. That’s four times what you earned BEFORE taking into account inflation, which ate up most of what you earned on your bonds. Why buy bonds?