Bonds are like anything else, right? There's different types of flavors of bonds. They have different things that affect them. If you want guarantee of principle and you want to return, you buy treasury bonds. When they drop rates to zero, the 10 year treasury yield will go from 4%. That'll give you about a 60% appreciation in the treasury bond over that period. Then you sell your bonds at a nice gain. And now you buy discounted equities with a 4% plus dividend yield. But again, bonds play a very important part, but you understand where you are in the cycle as well as market wise.

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