|
|
Article: Bonds serve needs of fixed income
- Article from:
- Daily Breeze
- Article date:
- December 27, 2004
- Author:
CopyrightCopyright 2004 Daily Breeze. Provided by ProQuest LLC. (Hide copyright information)
|
It's hard to get worked up about bond mutual funds when interest
rates are rising, but most financial planners will tell you that no
matter what the economy is doing or where rates are headed, a portion
of your portfolio should be devoted to fixed income.
Even the youngest investors, or those convinced they have years of
saving ahead, should allocate at least 10 percent of their portfolios
to bonds, because it will help reduce volatility when stocks hit the
skids. Older investors, or those with shorter time horizons, should
consider putting a higher percentage in fixed income, financial
planners say.
"Bonds tend to be the stepchildren of the financial services
universe; they're totally ...