The bond bandwagon has gotten pretty crowded these days, with big names like Rob Arnott and Gary Shilling both writing that bonds — not stocks — appear to be the best long-term investment vehicle.
In his Return on Investment column for The Wall Street Journal, however, Brett Arends counters the arguments that the bond proponents (and in particular Arnott) have been raising.
“Obviously bonds, especially Treasurys, held up well during last year’s crisis,” writes Arends. “And they can make an important part of a portfolio, especially at the right price. But anyone hoping for a repeat of the last thirty years is probably dreaming.”
in:
http://theguruinvestor.com/2009/05/01/the-bond-fallacy/
Ruin-Nation
11 months ago
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