Re: I like my bonds these days
Originally Posted by wab
Brewer, you don't understand. This is one of CFB's hairballs.
Yes, avoiding low returning or negative returning asset classes at the wrong time to own them is definitely one of my hairballs.
These things have just a few purposes: lower portfolio volatility, produce income, and reduce the impact of high inflation.
A total return of 2% in 15 months with a high principal loss sounds like they're not doing the trick... :P
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.