Thanks for your help in my previous thread. I'm going to start buying e-series index funds directly through TD Waterhouse until my portfolio gets large enough to justify online discount brokerage expenses.
I have seen a lot of proposed portfolios, but I would like to hear a good explanation for bonds in my portfolio, other than it is the accepted wisdom.
I realized fixed income assets are an important part of a balanced portfolio, but considering that:
a) I am 30-40 years from retirement
and
b) interest rates have nowhere to go but up in the short-term
Would I be completely out of my tree to forego having any bonds in my portfolio for the next 5 or so years?
I have seen a lot of proposed portfolios, but I would like to hear a good explanation for bonds in my portfolio, other than it is the accepted wisdom.
I realized fixed income assets are an important part of a balanced portfolio, but considering that:
a) I am 30-40 years from retirement
and
b) interest rates have nowhere to go but up in the short-term
Would I be completely out of my tree to forego having any bonds in my portfolio for the next 5 or so years?