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(Convertible bonds, on the other hand, trade more like stocks).
Still, one must do something, so here's my advice: for the long term, I like stocks.
(Such funds are similar to mutual funds but trade all day on an exchange, like stocks).
Bonds also have a "bid" and "ask" price (just like stocks).
He tends to like stocks trading at or below their reserve values.
"I like stocks and I like all different kinds of stocks.
But, as fear rises, riskier assets like stocks are likely to suffer, he said.
"People don't look at it anything like stocks and bonds.
"Bonds go down in price just like stocks do".
Yet just like stocks, not all degrees are created equal.
Because no matter their packaging, junk bonds can swoon like stocks in down markets.
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