Hi, all, relative newbie here. I want to allocate about 20 percent of my portfolio in bonds. And yet I keep hearing that as interest rates go up, bonds will go down.
Given that interest rates will likely start going up this year, and continue to do so for several years, should I keep that 20 percent in cash, and then find a good bond index fund in 2017 or '18? If I invest in bonds now, aren't I pretty much guaranteed to lose money over the next few years?
Thanks in advance for any advice.