Subject: Re: Bonds
To be fair, you were comparing corporate bonds to government bonds. The math about returns threw me off as to the main point.
I agree corporate bonds are not really needed unless really attractively priced as they were in the 2008 crisis (and for a good reason!)
They are on the continuum of government bonds - investment grade corporate bonds - junk bonds - stocks on the risks/returns graph, so most people can just use a barbell strategy of investing in the two extremes.