Remember the 60/40 portfolio?
Amazing that holding 40% of your wealth in government debt, which mathematically the state will never be able to pay back, has been the default approach for decades.
Al...
I know people that put their retirement savings into a portfolio of all government bonds in November 2021.
They have convinced themselves that the money they have lost in bonds will come back and that I am crazy for not putting what little I can save into a 401k.
It’s like a cargo cult.
They have convinced themselves that the money they have lost in bonds will come back and that I am crazy for not putting what little I can save into a 401k.
It’s like a cargo cult.
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