There was a time when the most conservative, boring, made-for-old-people investment was Treasury Bonds. Thanks to the pathetic needs of equity bulls, and their childish desire to be given gains every single month, the government has gone helplessly into debt for the sake of the Adam Neumanns and David Portnoys of the world. Thus, the performance of bonds resembles that of a biotech startup.
A person who “invested” in TLT eleven years ago, and kept every single penny of dividends paid, would now be basking in 0.00% gains (but actually would be at a severe loss, thanks to inflation, which is also thanks to the equity bull scumbags).
