For years, the financial press - myself included - has spilt much ink on the woes of retirees and those reliant on the income generated by their investments. With rates heading lower, we journalists dedicated tens, if not hundreds of articles, to solving this income puzzle. As I am sure.
Investors have come to rely on dividend income from banks and miners. But extreme volatility and rising interest rates mean it’s time to revisit cash and bonds.
Using listed or unlisted funds for yield, and reviewing portfolio asset allocations to ensure sufficient diversification, is a better strategy than picking stocks.