Subject: Re: Bonds
Anyone here looking at Bonds? (specifically, US government bonds)

BND?

Nope, not for me.

These days bonds are considered "return-free risk" by some.

Here is backtest of AGG (BND but goes back further) vs. SPY.
https://testfol.io/?s=6xy3Rkb7...

Over the period 2003 to 2025 you gave up $74,000 in return for lower volatility. $10,000 grew to $19,000 vs. $93,000.

$74,000 buys a lot of Tums and sleeping pills.

Add FCNTX to that backtest if you want to get really sick to your stomach.