I think this is important. I can't imagine wanting to own zero stocks in a retirement portfolio.
The strong companies of the US (and the World) are big, powerful, and almost always making a ton of money. They are often able to get the laws of the land re-written to allow them to continue making money even when they screw up.
A good number of them are generally coming up with new ideas, and producing the products they sell more efficiently.
Why this strong desire to bet against all of the businesses in the world?
I can't imagine retiring without owning at least a few of the following companies (an index fund will own most of these)
Coke
Exxon-Mobil
Walmart
Target
McDonald's
Altria
3M
General Mills
Proctor and Gamble
Microsoft
Cisco
Home Depot
Lowes
US Bank
Fastenal (A personal favorite, to be pried from my cold, dead hands )
I've listed just US companies because I don't have a good understanding of most foreign companies. I own a bunch of foreign companies in some mutual funds though.
If the list of companies above does really badly, do you really think that having bonds is going help you? If the companies above aren't profitable, no one is going to be able to pay off your bonds, including the US government.
From my standpoint, if you are completely sworn off equities, you might as well be sticking to the guns, gold, and canned goods portfolio.
The strong companies of the US (and the World) are big, powerful, and almost always making a ton of money. They are often able to get the laws of the land re-written to allow them to continue making money even when they screw up.
A good number of them are generally coming up with new ideas, and producing the products they sell more efficiently.
Why this strong desire to bet against all of the businesses in the world?
I can't imagine retiring without owning at least a few of the following companies (an index fund will own most of these)
Coke
Exxon-Mobil
Walmart
Target
McDonald's
Altria
3M
General Mills
Proctor and Gamble
Microsoft
Cisco
Home Depot
Lowes
US Bank
Fastenal (A personal favorite, to be pried from my cold, dead hands )
I've listed just US companies because I don't have a good understanding of most foreign companies. I own a bunch of foreign companies in some mutual funds though.
If the list of companies above does really badly, do you really think that having bonds is going help you? If the companies above aren't profitable, no one is going to be able to pay off your bonds, including the US government.
From my standpoint, if you are completely sworn off equities, you might as well be sticking to the guns, gold, and canned goods portfolio.
But, I think it is worth you telling us what you have against stocks?