lawman
Thinks s/he gets paid by the post
Long time since I've been here but lately I've been slammed by my financial advisor for being invested almost entirely in bond funds..(Mostly intermediate investment grade)..I'm retired with capital preservation as my primary goal..I do not plan to ever sell shares but likely will one day begin drawing my dividends..I do not want to actively manage my account..I don't care what interest rates do short time and in fact nothing would please me more than for rates to go up..Again, I have no plans to ever sell shares..Advisors seem to ALWAYS steer me to equities which in my humble opinion are riskier than bonds..I don't need more money I just want to keep what I have..I understand inflation risk and have a lot of I Bonds that I am happy to have..I also believe that interest rates are more likely to track inflation than equities..So......what am I missing? Is my advisor right that I should sell my funds and buy his equities?