Here’s a crazy stat for you from BlackRock:
“Since 1980 the Barclays US Aggregate Bond Index has only recorded an annual loss twice. For more than 30 years investors have benefited from a secular decline in interest rates (and associated rise in bond prices). But interest rate-sensitive strategies that are reliant on falling interest rates have been punished since May, and the likelihood of a yearly loss for 2013 is high.”
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.