“bonds and believe they are for chumps”
Anyone buying bonds since 1975 and especially, with the advent of online trading ...is a chump.
That’s how I got into personal investing. I did GDIT’s 401K in ‘04. The default was into a bond plan. I learned and did my own investing. It was hit or miss for a number of years. Now, any year I don’t beat the S&P 500 is a bad year.
The old counter cyclical argument isn’t working well at all these days and yields may be positive while markets are down but it is arguable to say that is better than nothing. A company will sell their children, fire everyone big enough to die and borrow money to continue dividends and then they will really get serious if they have to. If you can weather a three year downturn you don’t need bonds. If you have old investment dividends, so much the better.
Guess I’m just stupid this way.