Risk & Allocation
What a bond allocation is actually for
Bonds are held to change how a portfolio behaves in a bad year, not to maximise return.
Risk & Allocation
Time horizon, capacity for loss and what a portfolio is actually for.
2 articles · updated August 11, 2026
Risk & Allocation
Time horizon does more work than risk tolerance
How you feel about volatility matters. When you need the money matters more.