Bill Gross is an iconoclast, and a pretty successful one at that. At a recent investment gathering, he declared, “You want to look for stability of income and growth…that probably doesn’t mean bonds.” He indicated that he was buying high-dividend stocks for his own account. This short article in Investment News has more detail, but I find it interesting that the best-known fixed income investor on the planet is buying stocks for his own account and not bonds—especially when retail investors are piling into bonds like there is no tomorrow. That could be a big potential oops.
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