Own or loan? Equities vs. bonds
With interest rates on the rise, we’ve had an uptick in people asking us about bonds and whether it makes sense to re-evaluate fixed income in a portfolio. For readers of my column, you might remember that I’m not a fan of bonds for one simple reason: The payment amount is fixed. While some see this as a reason to invest in bonds, I see it as a major problem. Here’s why: As everything around us continues to get more expensive, a fixed payment covers less and less of the goods and services we need as life goes on.…