In Defense of Bonds
To ignore this important asset class completely is a mistake, in my opinion, for many reasons that should at least be understood before someone decides on a 100% stock portfolio for the long run.
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2 white-coat-investor 1To ignore this important asset class completely is a mistake, in my opinion, for many reasons that should at least be understood before someone decides on a 100% stock portfolio for the long run.
The rule of 72 is a quick and easy way to tell how long it will take your money to double (in nominal terms) at a given rate of return. It demonstrates the power of compound interest.