When you mention the bond market I have a few questions. I believe my parents are heavily invested in bonds with their old financial advisor. I've tried very hard to guide and wake up my family in these areas but I have little understanding with bonds. Is there anything I could say to get their attention? If the bond market goes under I'm assuming so will their investments? It blows my mind that financial advisors just continue to take their commissions and not guide them.
I'm a huge advocate for precious metals especially gold/silver. Been trying to get my Dad and family to take a small investment but they laugh it off. Funny how a good family friend owns an LCS and they still won't buy any. Got my lil bro invested but had to buy it for him. Anyways, I appreciate your time anon!
God bless
First, Im not a financial advisor. I do have an MBA and have studied markets EXTENSIVELY. Second, ur question about the bonds depends on WHAT KIND of bonds. There are all kinds … treasury, corporate, municipal, cds … they all have a’rating’ (A+ Thru F). The worse the rating, the higher risk but better interest (in theory). Not likely they own junk bonds. They wont ‘loose it all’. But if their interest rate is for shit (2-3%) as most existing bonds are, when rates start going up, the value of those bonds with garbage low rates will drop. Its inverse relationship.
Last year I liquidated ALL my stocks, CDs, IRA, mutual funds and bought a $3000 safe and started filling it with Silver
When you mention the bond market I have a few questions. I believe my parents are heavily invested in bonds with their old financial advisor. I've tried very hard to guide and wake up my family in these areas but I have little understanding with bonds. Is there anything I could say to get their attention? If the bond market goes under I'm assuming so will their investments? It blows my mind that financial advisors just continue to take their commissions and not guide them.
I'm a huge advocate for precious metals especially gold/silver. Been trying to get my Dad and family to take a small investment but they laugh it off. Funny how a good family friend owns an LCS and they still won't buy any. Got my lil bro invested but had to buy it for him. Anyways, I appreciate your time anon!
God bless
First, Im not a financial advisor. I do have an MBA and have studied markets EXTENSIVELY. Second, ur question about the bonds depends on WHAT KIND of bonds. There are all kinds … treasury, corporate, municipal, cds … they all have a’rating’ (A+ Thru F). The worse the rating, the higher risk but better interest (in theory). Not likely they own junk bonds. They wont ‘loose it all’. But if their interest rate is for shit (2-3%) as most existing bonds are, when rates start going up, the value of those bonds with garbage low rates will drop. Its inverse relationship.
Last year I liquidated ALL my stocks, CDs, IRA, mutual funds and bought a $3000 safe and started filling it with Silver