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A comment on Why in the world would you own bonds?. Parent comment

Re:Why in the world would you own bonds? by jdhzzz on Wednesday March 17, 2021 @11:24AM (#26492519)
That's why one keeps 10 years of cash (or equivalent) as a cache to weather those downturns. I'd recommend 6 years, but something that you could draw from while markets recover. It seems as if the cadence of market downturns and recoveries is increasing.

It's not a binary choice.

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Re:Why in the world would you own bonds? by shanusmagnus on Wednesday March 17, 2021 @11:29AM (#26492579)
I would love to know who really keeps 10 years of expenses in cash on-hand. I bet you could write the list of non-billionaires on a napkin.
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Re:Why in the world would you own bonds? by mikestew on Wednesday March 17, 2021 @02:02PM (#26494770)
You could likely write the list, billionaire or not, on a Post-It(tm). I mean maybe billionaires keep 10 years of billionaire lifestyle in cold hard, but that would seem to be a poor use of such a huge chunk of cash.
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Re:Why in the world would you own bonds? by deanmoriarty on Wednesday March 17, 2021 @08:36PM (#26498539)
I have 10 years in cash/short term bonds, and 40 years of expenses in stocks. It’s basically roughly a 80/20 portfolio, nothing unheard of, especially for retirees (though I’m still working).
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Re:Why in the world would you own bonds? by deanmoriarty on Wednesday March 17, 2021 @08:32PM (#26498519)
I have 10 years in cash/short term bonds, and 40 years of expenses in stocks. It’s basically roughly a 80/20 portfolio, nothing unheard of, especially for retirees (though I’m still working).
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Re:Why in the world would you own bonds? by eloff on Wednesday March 17, 2021 @12:04PM (#26493040)
I have never met anyone who does this. Have you?
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Re:Why in the world would you own bonds? by deanmoriarty on Wednesday March 17, 2021 @08:37PM (#26498540)
I have 10 years in cash/short term bonds, and 40 years of expenses in stocks. It’s basically roughly a 80/20 portfolio, nothing unheard of, especially for retirees (though I’m still working).
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Re:Why in the world would you own bonds? by eloff on Wednesday March 17, 2021 @10:04PM (#26499047)
Good for you. That's puts you in the top few % for retirement planning.
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