by Gregory Schaffer on Aug 31, 2018
Changes in the economy and interest rates can have a big impact on your fixed-income portfolio. As interest rates rise, bond fund values become less and vice-versa. Also the longer the duration of the bond, the more volatile this concept is so in a rising interest rate environment, it is wise to keep your bond as low as possible to avoid losing principal. Your financial advisor can help you build a portfolio that’s right for you based on your goals and how much risk you’re comfortable with taking.