“The typical investor today has never experienced a sustained rising-rate environment and they are emotionally and historically unprepared for what happens when interest rates go up 3% or 5%,”
Millions of Americans “are engaging in a variety of risky behaviors, often without knowing what they’re doing. They’re setting themselves up to lose a lot of money over the next several years, perhaps as much as they lost in 2008 in stocks.”
Many investors, especially retirees, could suffer 2008-style losses — this time in “safe” bonds.
….related from Michael Campbell:
