How Bonds Can Outperform Stocks Long Term
I have never been a big fan of the bond market. From 1900 through 2022, the annualized real return of long-term U.S. government bonds was 1.7%, while the return of U.S. stocks was 6.4% [1]. Having bonds as a large part of one’s portfolio would have created a substantial drag on long-term performance and substantially […]