If you think stocks have had a volatile few years, that’s only half the story.
Bonds are supposed to be the boring, slow-moving, consistent part of a portfolio. You own them to balance out the potential risks from erratic swings in stocks.
That approach has done a good job of protecting investors over the past few decades… But it has been a train wreck over the past few years. Let me explain.
This post originally appeared at DailyWealth.