“There are three kinds of lies: lies, damned lies and statistics.” – Origin uncertain
Nobody really knows the origin of the quote above, often attributed to 19th century British Prime Minister Benjamin Disraeli, but we want to cite it here to caution investors against placing bets on historical trends in the stock market.
With bond yields at or near record lows for the past several years, it may be tempting for investors – particularly those seeking income – for fatter checks. But as uncomfortable as it may be to live with yields around 2 percent, here’s the best advice about chasing higher yields: don’t do it. (more…)