Why do retirees, near-retirees and others seeking stability typically invest only in U.S. bonds — whether they be U.S. Treasury bonds or corporate bonds? (Municipal bonds, for their tax breaks, are a special case.) Why are bonds that are issued in developed foreign countries — like Japan or Germany or Great Britain — somehow seen as more risky or unusual?
Any financial expert fluent in Reverse Polish (don’t ask) could tell you that real risk comes from needlessly missing out on chances for diversification — which, as they…
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