So my friend got VERY bad advice.
1) The industry told him to invest $ that he needed.
2) They told him to put it in Bonds.
Did his "Advisor"ever think...
Oh the bond market is in a 40 year Bull Run.
Here comes Massive inflation.
Maybe being in Bonds is not safe anymore?
NO.
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Here's another thing that people are learning.
THERE IS NO SUCH THING AS DIVERSIFICATION!
Everything goes down together!
Bonds are down 10% in 2022. All stock sectors are down for the year except maybe Oil that's falling now. Crypto is way down etc.
Cash is @ Zero, twitter.com/MasterBJones/s…