During a 10-year bull market, bonds were banished from many portfolios. But December showed the wisdom of Ecclesiastes 11 - “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth ”applying a timeless truth to current events is this MoneyWise Live. Financial planner and teacher Rob West discusses why bonds should always have a place in your portfolio with investing expert Mark Biller.
- Rob asks these questions of Mark:
- Bonds have really taken a backseat in recent years. Can you recap for us why that’s been the case?
- What's the relationship between interest rates, stock prices and bond yields because they’re all connected somehow…
- With the market’s recent setbacks— a lot of folks are tempted to just park money on the sidelines. Should they instead take another look at how bonds can balance their portfolios?
- Bonds are sometimes referred to as “ballast” for your portfolio. What does that mean?
Next, Rob and Steve answer these questions at 800-525-7000 or via email at Questions@MoneyWiseLive.org:
- How do you find a good investor counselor?
- When it comes time for your daughter to pay her $50,000 student loans back, should she pay it from an investment account with $100,000 in it or just pay it back from upcoming income?
- If you and your wife are at retirement age and have paid for an insurance policy for years, should you cash it in a prepay funeral expenses?
- If you've been the victim of an adoption scam, and are being delayed in a resolution while you are pursuing legal remedies, should you consider taking a loan from your 401(k) to get on top of it quickly?
- How do you make sure your 70 year old father's real estate property goes to you if he has no will?
- Do it really get affect your Social Security benefits taking it at 62 vs. age 65?
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