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Fixed income and equity assets have had a remarkable run over recent months, with bond yields (sovereign and corporate, investment grade and high yield) at record lows and (most) equity indices trading at record highs (or perhaps slightly off their highs at tThe investment process on retirement planning
Fixed income and equity assets have had a remarkable run over recent months, with bond yields (sovereign and corporate, investment grade and high yield) at record lows and (most) equity indices trading at record highs (or perhaps slightly off their highs at the time of going to print). Despite this, I can jot down a number of arguments why, at least in the short-to-medium term, it still makes complete sense to continue building up on (or at least maintaining) current exposures as I feel that there still is a decent amount of money to be made, across both asset classes. However, there will come a time when the cyclicality of markets will take its course and bonds yields will start to rise and equity valuations decline. I have read a number of research reports and it is difficult to come up with a consensus as to when markets will reverse; some argue that the point of inflexion could be imminent; others believe that a bear market (a market where equity prices are falling) is miles to come. What is sure is that the time will come, and in those times, investors must fight it cumbersome, or rather, find it difficult to justify investing money in a falling market. They can be worried... Read more











