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Investing - Theory, News & General • Two bucket Bill Bernstein portfolio (Stocks+Short Treasuries) or Three bucket Bogleheads style (Stocks+Total Bond+Cash)?

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If interest rates drop and the yield curve normalizes, it will be more expensive to move back into higher-yielding longer-term bonds. Timing the bond market correctly is just as hard as correctly timing the stock market.
Which is why ditching bond funds altogether and sticking with MMFs makes the most sense both now, because the return is better, and in the future, because they are unaffected by rate changes.
If your horizon is super short, then this makes sense, but even for short treasuries, rate changes can work in your favor as much as they can work against you.

Statistics: Posted by VTWAXandChill — Mon Feb 02, 2026 1:07 pm — Replies 105 — Views 6844



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