Searching for Yield? Making a Case for High-Yield Bonds
Dec 08, 2020
3 minutes
When COVID-19 first rocked the financial markets in March, most investors were focused on the carnage in the stock market. But I took a different approach.
During this period, I advised my clients with a high tolerance for risk to consider one move: to swap approximately 10% to 15% of their high-quality bonds for high-yield bonds. Although I was confident the shift would result in a favorable outcome looking out a year or more, the move has paid off much quicker than anticipated. High-quality bonds have
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