EPISODE · Jan 17, 2023 · 7 MIN
1/17/23: Which did More Damage to Your Portfolio Last Year, Bonds or Bitcoin?
from THE TRUTH ABOUT YOUR FUTURE with Ric Edelman · host Ric Edelman
It's Tuesday, January 17th. Do you remember what I told you to do one year ago? Yeah, you don't remember. But I do. Because I was right. I told you one year ago to get out of bonds. I sure hope you did. The Federal Reserve, as you know, raised interest rates more quickly last year than at any time since the 1980s. And the result was that bonds ended up having their worst year ever. Yeah. 10 year Treasuries lost more money last year than in any year since 1788. Treasuries, in fact, not only lost a lot of money last year, they lost a lot of money the year before that. Two years in a row, the bond market fell in value. The last time that happened was 1959. Bitcoin can recover; your bonds can't. ----- Today’s sponsors: Global X ETFs Invesco QQQ ----- Subscribe to podcast updates The Truth About Your Future website Have a question for Ric? Follow Ric on social media: Facebook Twitter YouTube Instagram Disclosure page
What this episode covers
It's Tuesday, January 17th. Do you remember what I told you to do one year ago? Yeah, you don't remember. But I do. Because I was right. I told you one year ago to get out of bonds. I sure hope you did. The Federal Reserve, as you know, raised interest rates more quickly last year than at any time since the 1980s. And the result was that bonds ended up having their worst year ever. Yeah. 10 year Treasuries lost more money last year than in any year since 1788. Treasuries, in fact, not only lost a lot of money last year, they lost a lot of money the year before that. Two years in a row, the bond market fell in value. The last time that happened was 1959. Bitcoin can recover; your bonds can't. ----- Today’s sponsors: Global X ETFs Invesco QQQ ----- Subscribe to podcast updates The Truth About Your Future website Have a question for Ric? Follow Ric on social media: Facebook Twitter YouTube Instagram Disclosure page
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1/17/23: Which did More Damage to Your Portfolio Last Year, Bonds or Bitcoin?
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