1min chapter

The Compound and Friends cover image

The Game Has Changed

The Compound and Friends

CHAPTER

Vanguard Investors Are Taking Money Out of Their Accounts

It almost never makes sense to downshift a portfolio after a bear market. This is the first time in 40 years that we've seen that make sense. The bond market says whatever additional rate cut rate hikes the Fed thinks it's going to do are going to be given back very quickly.

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