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nuneztoday at 5:21 AM1 replyview on HN

That's why you hedge with Bogleheads three headed fund. Bonds are strong when the indexes are weak according to them


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jandrewrogerstoday at 6:33 AM

The anti-correlation between bonds and equities hasn’t been a thing for decades. That is advice that passed its sell-by date a while ago.

The modern version is to go hard into equities and out-grow the drawdown risks. You still want a couple years of burn in treasuries but that is strictly a buffer against adverse returns. By the time you retire, the treasury fraction is a tiny fraction of the total by virtue of the equity growth rate.