Jonathan, if you have a long-term horizon (except for cash), why do you hold only short-term bonds? Expected increases in inflation are presumably already baked into bond prices, and don't drops in bond prices due to *unexpected* increases in inflation break even at the 5-6 year duration of an intermediate-term bond fund (from re-investing dividends at the lower prices / higher rates)?
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Jonathan, if you have a long-term horizon (except for cash), why do you hold only short-term bonds? Expected increases in inflation are presumably already baked into bond prices, and don't drops in bond prices due to *unexpected* increases in inflation break even at the 5-6 year duration of an intermediate-term bond fund (from re-investing dividends at the lower prices / higher rates)?
Post: Mix and Match
Link to comment from December 4, 2021