Why 100% Equities Isn't 100% Doable
Despite dismal return prospects for bonds versus stocks, many investors will have good reasons to hold fixed income, says Sanibel Captiva Trust's Pat Dorsey.
Note: Pat Dorsey is the former director of equity research at Morningstar. He is now the president of Sanibel Captiva Investment Advisers.
Jason Stipp: I'm Jason Stipp for Morningstar. BlackRock's Larry Fink made some headlines this week by advising and urging investors to go all in stocks, 100% equities. Some early excerpts from Warren Buffett's annual letter also echoing a similar sentiment. Here we me to offer his take is Sanibel Captiva Investment Advisers president, Pat Dorsey.
Jason Stipp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.