In the News

Title

Why Gen X-ers and Millennials Should Avoid Bonds Even in a Downturn

Document Type

Article

Publication Date

1-19-2016

Abstract

Despite the tumultuous start to the stock market this year with massive declines in all three major indexes on Friday amid global fears of an economic slowdown, Generation X and Millennial investors should avoid adding bonds to their portfolios.

The markets took a nosedive dive with the Dow Jones Industrial Average dropping by 522 points on Friday at one point as it dipped below 16,000 and the S&P 500 index entering correction territory, falling more than 3% midday, wiping out the mini rally from the previous day.