Bonds are as important to an investment portfolio today as ever.
While many investments provide some form of income, bonds tend to offer the highest and most reliable cash streams.
Over time, greater diversification can provide investors with better risk-adjusted returns than portfolios with a narrower focus.
Fixed income investments are very useful for people nearing the point where they will need to use the cash they have invested – for instance, an investor within five years of retirement or a parent whose child is starting college.
