Worried about your bond portfolio? Keep these 3 things in mind

A friend who’s close to retirement texted that she was concerned about the bond market. She’d been building out that fixed-income allocation over the past several years at the urging of her adviser.Her message made me wonder if some people might have misguided ideas about bonds. Volatility is much lower than for stocks For one thing, notwithstanding the recent headlines, bonds’ volatility is almost always going to be mild alongside the fluctuations that stocks experience....