> Anyone who doesn’t think long bonds are risky doesn’t understand interest rate risk
The past year is a great lesson in what happens to long term bonds when rates finally move.
Though to be fair to Harry, his financial advice was written before zero rate policy. Anybody buying into sub-3% 30-year bonds is either uninformed or has their investments bound by governing rules.
The past year is a great lesson in what happens to long term bonds when rates finally move.
Though to be fair to Harry, his financial advice was written before zero rate policy. Anybody buying into sub-3% 30-year bonds is either uninformed or has their investments bound by governing rules.