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Wall Street has long preached the virtues of holding bonds in a balanced investment portfolio.
This gospel says investors should steer 60% of their investments into stocks and 40% to bonds to enjoy the benefits of diversification, with uncorrelated returns helping protect investors through the market's ups and down.
But according to Trent Smalley, a Chartered Market Technician and portfolio manager at JSPM, that advice may not be as universal as it seems â especially for younger investors...
>>> Read more: Why millennials and Gen Z are too young to be loading up on bonds
This gospel says investors should steer 60% of their investments into stocks and 40% to bonds to enjoy the benefits of diversification, with uncorrelated returns helping protect investors through the market's ups and down.
But according to Trent Smalley, a Chartered Market Technician and portfolio manager at JSPM, that advice may not be as universal as it seems â especially for younger investors...
>>> Read more: Why millennials and Gen Z are too young to be loading up on bonds
