Wade D. Pfau
As the current seven-year bull market ages amidst an uncertain economic and interest rate environment, investors would be prudent to start stockpiling ‘income’ over the next cycle.
Despite central bank efforts to push lenders further out the risk spectrum, investors in risky fixed income and alternative products have experienced drawdowns over the course of this bull market.
Lavine, Benjamin M., "Stockpiling Income" (2016). In the News. 1132.