At the beginning of the year, many advocated for the holding of bonds over equities due to interest rate predictions. During this short period, stocks have opened up a +10% gap from bonds.

Bonds are primarily meant to stabilise your portfolio and provide a buffer during volatility. Buying them for returns or yield can be dangerous and expose you to hidden risks.

A philosopher once said that nothing is as difficult for people as not deceiving themselves. But while most self-delusions are relatively costless, those relating to investments come with a hefty price tag.