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TIP486: Macro Investing w/ Cullen Roche
We Study Billionaires - The Investor’s Podcast Network
Bonds Are a Different Beast Than the Stock Market
Bonds are a different beast than the stock market because buying something like, say, US government bonds or investment grade bonds for the most part, you can mathematically quantify what your returns are going to be over specific time periods. When interest rates go up, well, the higher income you're actually generating from the new bonds that you're rolling into. So in a weird way, bonds operate a lot like stocks in the sense that when interest rates rise, the prices fall, their future returns become better.
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