Image Credit: Alex Nabaum
By Jason Zweig | Feb. 7, 2020 11:00 am ET
Tesla Inc.’s stock isn’t the only hot asset.
Nearly four decades into a bull market for bonds, investors still have a ravenous appetite for them, even though interest rates are near historic lows around the world.
Much of the influx into bonds has come from individual investors. But that doesn’t make them the “dumb money,” especially because many giant institutions are investing just as avidly.
The move into bonds by individual investors is a long-term migration, not a stampede. It’s prudence, not folly.…
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For further reading:
Benjamin Graham, The Intelligent Investor
Jason Zweig,The Devil’s Financial Dictionary
Jason Zweig, Your Money and Your Brain
Jason Zweig, The Little Book of Safe Money
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