CloroxCowboy

Is Buying Bonds Really a Good Idea?

Felix,

I'm confused as to what your exact position is with this article. Granted, Brett Arends' #4 explanation is a terrible justification for investing in equities, but that doesn't mean investing in equities is a terrible idea right now...he's just providing the wrong reason to do so. Since it appears you're advocating a cash position (I had to re-read that part to make sure I wasn't missing some hidden sarcasm), when exactly should investors jump back in, when prices are high again? Long-term portfolios should be buying now, on the way down, not waiting for "safety".

This is just the flipside to the arguments I saw back in Nov '07 from all the "long-terms", the ones that were deriding those of us who clearly saw the writing on the wall and preserved our profits above 13000. We were called spineless or speculators back then, and now we are being lumped in with Mr. Arends who seems to have slept through a few basic investing courses. Buy low (that's NOW).