Why Gen X-ers and Millennials Should Avoid Bonds Even in a Downturn
Robert R. Johnson
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.
Chang, Ellen, "Why Gen X-ers and Millennials Should Avoid Bonds Even in a Downturn" (2016). In the News. 970.