Income Investing q4 2013- Money Morning - Only the News You Can Profit From.
- By Robert Hsu, Global Investing & Income Strategist, Money Morning · September 10, 2013 · Print | Email
How a 1% Gain Can Destroy Your Retirement Dreams (Part I)
This has been the bond market's worst showing in 19 years, thanks to the recent spike in the 10-year Treasury yield. But bond investors aren't the only ones getting hit.
A higher "risk-free" rate affects you, too. And me. And anyone else trying to grow their money.
It's time to make an adjustment.
A big one.
So let's look at three new "dead money" investments, and one that's "living large" - a company that can give you what few others still provide: a steady double-digit annual return, year after year.
But we'll start with the shift itself, because this seemingly benign 1% move has triggered what could be the single greatest risk to your retirement dreams...