When investors buy bonds in their brokerage account, they are actually buying a bond fund. It's far more common for an investor to buy a bond fund than it is an actual bond itself. When you buy an individual bond, it's sort of like owning an individual stock. The government can continue printing money. So that's why Robert's referring that to risk free. But I also here would like to emphasize that risk is always one side of it. The reward should also be included.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode