lawman
Thinks s/he gets paid by the post
For weeks I've listened to people talk about what a bad investment bonds are now. I realize that as interest rates go up bond prices go down..So what? If you are invested for long term who cares about bond price? I care about default risk, inflation and interest rates..I want rates to go up..Have wanted higher rates for many years. To the extent investors are able to time bond prices I attribute that to luck. Bond traders have so much more knowledge and information available that I do not have. I continue to believe contrary to some that investment grade bond funds are safer and more predictable than equities and perhaps maybe even more important for investors today than in the recent past...Tell me what I'm missing..