The Importance of Durability in a Portfolio

Most financial advisors portfolios have started to increase their duration because they think the fed is done raising interest rates. Most typical bond mutual funds have around a five-year duration and it's hard over, you know a couple of years to have that given negative return even last year. You're going to want something in your portfolio that does well when the risky assets do poorly And at the same time if if we're right about the economy and you're right about earnings and and all of a sudden you get a 10 return in the stock market Yeah, I think you're probably going to get a 1 return in bonds, but that's okay because in aggregate it gives you a better trade-off.