This Investment Helped Me Navigate the COVID-19 Crisis
On Feb. 11, 2020, I bought some investment-grade bonds that were scheduled to mature in August 2026. With that purchase, I extended a bond ladder that then stretched from March 2020 through August 2026 -- around six and a half years long. I didn't realize it at the time, but that purchase wound up being part of the best investment I made to help guide me through the COVID-19 crisis.
As it turns out, I made that bond purchase right around the time of the stock market's pre-coronavirus peak. In hindsight, that turned out to be one of the best times to reduce risk by shifting to bonds from stocks, but that's only part of the reason that investment turned out to be such a great one. Read on for three additional reasons.
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Source Fool.com
