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DoctorE wrote: ↑Fri Jan 20, 2023 7:03 pm 5%pa nominal on USD investable grade now so what would the upside come from? drop in interest rates?

... yes... along with a broad-based re-allocation from equities into now discounted bond prices

livesoft wrote: ↑Fri Jan 20, 2023 5:41 pm Definitely maybe. What are your concerns?

Portfolio allocation or the coming year. Just seeing if anyone else thinks there will be rotation out of equities into bonds and if they see investment grade corporate bonds as a decent hedge in a potential downturn over the next year or so as a number of investment manager's are saying (Goldman Sachs, Aegon etc)

Quite a few investment managers and analysts are singing the praises of investment-grade corporate bonds citing a decent probability that they will deliver equity-like returns going forward.

With a potential slowdown/recession starting in 2023 and possibly dragging into 2024, could we see a 'great rotation' from equities into this type of bonds? Particularly if earnings start to disappoint?
(Already in January in the US the big banks have reported quite sizeable drawdowns in earnings)

Just curious as to what changes people have made to their portfolio once in retirement as compared to what was invested in before retirement, in the accumulation phase? The big pension providers (and investment managers) seem to still go for "60% global equities / 40% global bonds" (or what ever variation they currently favour - 70/30 etc) and then switch over to mostly bonds at retirement to reduce risk. What I'm interested in is what people are actually invested in retirement. I believe many in the UK opt for a home bias UK Equity Income portfolio (maybe combined with bonds to reduce risk). Has anyone here remained in, for example, a standard globally diversified accumulation fund and shunned bonds and HYP stocks/funds? (... And...