O'Reilly logo

Bonds, Second Edition by Stan Richelson, Hildy Richelson

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 2

The All-Bond Portfolio

When the market goes up, risk tolerance is infinite, but when it goes down, risk tolerance is often at zero.

—Harold R. Evensky, Chairman, Evensky & Katz

We believe that investing the bulk of your funds in high-quality bonds is the key to your financial success. This is a controversial position—especially among brokers. Many investors believe that all diversification, including risky assets, results in a reduction of their investment risk. Our concern is that, in the name of diversification, these individual investors place a substantial amount of their nest egg in risky investments that they may not understand and ultimately take on more risk than they can actually sustain. Individual forays into risky investments ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required