Vinsanity

Some Graham and Dodd Type Thoughts on Stocks vs. Bonds

bonds have had a bad rap for the past decade because individual investor heuristics favor get-rich quick schemes of stocks. Then, investors complain that the stocks that could have made them rich if they sold at a premium valuation fell back to book value.

Every investor should own some bonds (20%, 33%, etc.) in their portfolio, regardless of age unless you are a a savvy stock analyst. Period.