The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
Friday, November 01, 2013
The new reality of international bonds
The infographic below shows how international fixed income instruments have grown to become the largest investable asset class—larger than domestic stocks, international stocks, and domestic bonds. Vanguard believes that foreign bonds can diversify a traditional portfolio in much the same way that foreignstocksdo, by helping to offset the risks presented by U.S.-based investments.