I’m not sure owning bonds has paid off for me.
I understand that asset allocation is a very big deal in the investment world. And, there are numerous formulas to guide an investor as to what percentage of bonds a person should have in a portfolio. But, looking back over the last 30-40 years of my investment life, it seems (to me) I would have been much better off financially if I had no bonds (or maybe just a very small percentage of bonds in my portfolio—mainly to alleviate peer pressure). However, for me, hindsight has never been 20-20. So, for the old-timers here, how have bonds helped you to meet your financial goals? For the younger investors, how do you think bonds in your portfolio will help you meet your financial goals?
I understand that asset allocation is a very big deal in the investment world. And, there are numerous formulas to guide an investor as to what percentage of bonds a person should have in a portfolio. But, looking back over the last 30-40 years of my investment life, it seems (to me) I would have been much better off financially if I had no bonds (or maybe just a very small percentage of bonds in my portfolio—mainly to alleviate peer pressure). However, for me, hindsight has never been 20-20. So, for the old-timers here, how have bonds helped you to meet your financial goals? For the younger investors, how do you think bonds in your portfolio will help you meet your financial goals?