tag:blogger.com,1999:blog-36722043.post3150843223284541636..comments2023-06-08T06:59:14.045-04:00Comments on HORAN Capital Advisors Blog: Asset Allocation: All Bond Portfolio More Risky Than Balanced Portfolio?David Templeton, CFAhttp://www.blogger.com/profile/08782216535717865701noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-36722043.post-37734075967463881512006-11-19T09:13:00.000-05:002006-11-19T09:13:00.000-05:00The five lessons mentioned in the article are:
Th...<i>The five lessons mentioned in the article are:</i><br /><br />There's a sixth hidden in the chart: You have to examine data in the context of the time-frame covered by the data.<br /><br />The period from 1981 is one of continuously declining bond yields to a low in 2003: <a>http://chart.finance.yahoo.com/c/my/_/_tnx</a>. Predicting where rates will go in the future is a fool's game at best. Notwithstanding, obtaining a sustained 9% average annual return in the future is impossible at current levels.Anonymousnoreply@blogger.com