Re: How safe is the stock market?
The average young person doesn't have enough money to diversify into bonds. The commission charge on a few thousand dollars in bonds takes a big bite out of the yield.
On a personal note, I've never owned a bond in my life. When I was young, I thought their yield resembled a money market fund except they were much more illiquid. Now that I'm old, I have enough experience in the market to expect to be able to beat bond yields with stocks.
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