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What's the Purpose of Your Fixed-Income Holdings?

Financial specialist and author Bill Bernstein says bonds should be a riskless ballast for a portfolio and offers three types of assets for investors looking for safety.

What's the Purpose of Your Fixed-Income Holdings?

Christine Benz: Hi, I'm Christine Benz for Morningstar. I'm here at the Morningstar Investment Conference, and I'm happy to be joined today by Bill Bernstein. He's the author of several great investment books, including The Investor's Manifesto and The Four Pillars of Investing.

Bill, thank you so much for being here.

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