James Bianco
Posted: Sun Oct 16, 2011 9:39 am
The Investing Theme of a Lifetime That Everybody Missed
What’s the biggest investing theme in the past 30 years that most investors missed? Bonds.
“Over the last several years the conventional wisdom has been to get out of bonds as they offer no return,†Bianco Research writes.
But bonds have outperformed stocks by a full percent on an annualized basis over the past 30 years, firm notes.
“Bond returns have beaten stock returns over every holding period from one month to 30 years,†Bianco writes. “This bond outperformance has been the biggest investment theme of our lifetime missed by most investment professionals.â€
It won’t last forever, Bianco says, but it won’t end today, either.
“Bonds have treated investors well and someday they will not,†it writes. “But that someday does not appear to be now.â€
Source: http://blogs.wsj.com/marketbeat/2011/10 ... dy-missed/
What’s the biggest investing theme in the past 30 years that most investors missed? Bonds.
“Over the last several years the conventional wisdom has been to get out of bonds as they offer no return,†Bianco Research writes.
But bonds have outperformed stocks by a full percent on an annualized basis over the past 30 years, firm notes.
“Bond returns have beaten stock returns over every holding period from one month to 30 years,†Bianco writes. “This bond outperformance has been the biggest investment theme of our lifetime missed by most investment professionals.â€
It won’t last forever, Bianco says, but it won’t end today, either.
“Bonds have treated investors well and someday they will not,†it writes. “But that someday does not appear to be now.â€
Source: http://blogs.wsj.com/marketbeat/2011/10 ... dy-missed/