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Idk, I didn't get destroyed, because the bonds just did what they said they would. It used to be the "certainty" because in general, AA+ and up rated govts don't default on their payments.
But you only don't get rekt in non-inflation corrected dollar terms of course, that's where the scam is at. It's predictable, but yes you are also right that you cannot build a pension on just bonds because inflation outpaces it.
I don't like that I have to defend Dalio here because I don't really like the guy, but, when he says you put 15% of your portfolio in gold instead of bonds, I think that's good. With one problem: now the buyer of last resort of US debt is gone, so if this transition goes fast then collapse can happen. I wouldn't want to be the last guy standing when the music stops on this one though.
My beef with this advice is for the middle and poor class this really doesn’t move the needle for moving the economic ladder. If you are worth millions yes this is very good advice. The millionaire boomers who already made a buttload of money yes buy bonds until your heat is content but anyone who is trying to climb up and out of the economic doom that Fiat as brought to the world this is just bad advice
I think that if you're up and coming, and you still have time for a career in front of you, then yes, you should not listen to Dalio. Or any of these shows. Or your boy Livingston. Better keep things simple, stack sats, and try to always make more than you spend. Invest what you can afford to lose, and you can take risks.
But that does not invalidate the statement made, it just changes the audience. Also no one is saying buy bonds. Everyone is saying: don't buy bonds.
have they been? safe for who? over the last what 50-60 years if you were in bonds you got absolutely destroyed. Isn’t this part of the reasons corporations stopped offering pensions to life long employees. The investments they used (bonds) didn’t protect against anything