EMNT - Bond Allocation In A Zero Interest Rate Environment

• With interest rates hovering just above zero, it's questionable whether bonds will continue to play their traditional role as income generators and portfolio stabilizers going forward.
• My preference is to lower one's allocation to bonds, and to stick only to ultra-short term bonds.
• Ultra-short term bonds offer superior stability and faster income growth during periods of rising rates.
• Perhaps there is a little more juice to be wrung out of long-term bonds, but is it really worth the risk?

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