Chapter 5. Bonds and Cash
Bonds and cash – at the very mention of these investment classes, readers might already be suppressing yawns of boredom and thinking of turning to the next chapter.
Please don't, however.
The global economic turmoil which commenced in 2008 should have persuaded all investors that cash and debt instruments form a vital part of any portfolio. In fact, it was the absence of cash for many investors that resulted in huge write-downs in their net wealth and, in quite a few cases – financial wipe-out.
Bonds and cash can be an important part of your financial future and, believe us, they are not as boring as they may first appear. The appropriate allocation of cash to different currencies, across different banks and at differing ...
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