Bonds Are Primed for a Better 2023, but How Much Better?

[progree]

6. I don't do individual stocks either. I own just one, a large utility, and would have a big

capital gain if I sold it, so I've left it in place. It's been doing a little bit better than the S&P 500 in the time I've had it, so I'm content. Everything else is in a mutual fund or ETF.

Most active fund managers can't beat their benchmark indexes, so I'm not even going to try. I'm glad you / your finance guy don't either. (Admission: I do own some active funds -- meaning ones that try to do better than their benchmarks).

I know there are people here who totally scorn investment advisors. They seem to be the very ones who panic every time there's any kind of downturn in the market because they are buying and selling regularly.

I remember it being controversial here when I said I did the opposite -- moved 14% of my portfolio from fixed income to equities after the S&P 500 had dropped more than 20%. So far it's been a good move but I realize that can easily change in a week (it was underwater for a while in mid-October). From a long run perspective, it's called buying stocks on sale.