If there were a prize for the most disparaged asset class, it would likely go to bonds. And the most disparaged bonds would almost certainly be Treasuries. Jeremy Siegel called them "a sucker's bet." Warren Buffett said: "I can't imagine anyone having bonds in their portfolio when they can own equities."
For ordinary investors, however, holding only equities makes little sense. Fixed-income investments inevitably play an important role, particularly in retiree portfolios.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access