52 min listen
1/17/23: Which did More Damage to Your Portfolio Last Year, Bonds or Bitcoin?
1/17/23: Which did More Damage to Your Portfolio Last Year, Bonds or Bitcoin?
ratings:
Length:
7 minutes
Released:
Jan 17, 2023
Format:
Podcast episode
Description
It's Tuesday, January 17th. Do you remember what I told you to do one year ago? Yeah, you don't remember. But I do. Because I was right. I told you one year ago to get out of bonds. I sure hope you did. The Federal Reserve, as you know, raised interest rates more quickly last year than at any time since the 1980s. And the result was that bonds ended up having their worst year ever. Yeah. 10 year Treasuries lost more money last year than in any year since 1788. Treasuries, in fact, not only lost a lot of money last year, they lost a lot of money the year before that. Two years in a row, the bond market fell in value. The last time that happened was 1959. Bitcoin can recover; your bonds can't.-----Today’s sponsors:Global X ETFsInvesco QQQ-----Subscribe to podcast updatesThe Truth About Your Future websiteHave a question for Ric?Follow Ric on social media:FacebookTwitterYouTubeInstagramDisclosure page
Released:
Jan 17, 2023
Format:
Podcast episode
Titles in the series (100)
Extended retirement by THE TRUTH ABOUT YOUR FUTURE with Ric Edelman