Investment club speaker (retired CFP, RIA) mentioned that she thinks bonds are currently a loser's game and that her portfolio has more cash in it than ever before. Her statement had some caveats, but in general she is not a current fan of the bond climate or outlook. She simply viewed cash as a better hedge for current times where interest rates will surely begin rising at some point.
I'm not encouraging a discussion of FA's or any other advisor's worth or credibility, I'm just interested in this line of thinking about holding a large percentage of bonds at this time?
I'm not encouraging a discussion of FA's or any other advisor's worth or credibility, I'm just interested in this line of thinking about holding a large percentage of bonds at this time?