Re: Bonds, Savings Accounts, Money Market FUNDS, etc...
Ok, I believe you. I haven't read this book for a few years, and I think it's a great book and I recommend it.
Adding cash equiv. to your portfolio has a couple of strange results. If you're saving for a 1st house, and have lots of cash equiv., then as you buy the house, you'd have to rebalance to get your allocation back.
Also, there are a lot of people here that are young with high risk tolerances that use 100% stock, 0% fixed. But those people should still have emergency funds...
-Tom
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