Through the end of last week, fixed income had once again retained its lead in the asset class performance race. Close behind is the S&P 500, followed by the balanced portfolio. The 2019 year end numbers show bonds in second to last place. If you had lost faith in fixed income, your portfolio would have suffered in 2020. No one knew about the volatility and market gyrations to come as a result of the current pandemic, but even in a low interest rate environment fixed income is a valuable piece of your portfolio.
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