Mark Dorfman's Views on Bonds
Mark Dorfman:
While bonds have historically been an important part of everybody's portfolio, you must understand that a bond, which represents debt, produces a fixed return on its coupon. With inflation heating up, those could very well put you behind the eight ball in terms of keeping pace with inflation. Furthermore, The Fed is working on quantitative easing, meaning that interest rates could very well be rising in the near-term future, and that does not bode well for people who hold bond positions. If you have a long-term goal, making sure you have an appropriate exposure to equities, okay, and not a disproportionate amount sitting in bonds is a very smart strategy.
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