Bonds & Fixed Income
Bonds are the defensive side of a portfolio: lower expected returns than stocks, but usually less volatility and a source of income. These guides cover what bonds are, when higher yield means higher risk, and how U.S. savings bonds and Treasuries fit into a plan.
Guides
Bonds: The Defensive Corner of a Portfolio
How bonds work, why investors hold them, and the main risks to understand.
High-Yield Bonds: Income with Real RiskThe trade-off between higher coupon income and elevated default risk.
U.S. Savings Bonds and TreasuriesThe differences between savings bonds and marketable Treasuries, and where each may fit.
Related reading
Asset Allocation · Risk vs Return · Diversification · Retirement Planning · Glossary: Bond · Glossary: Bond Yield · Glossary: Duration · Glossary: Credit Risk