FYI: Jack Bogle says investors need to re-examine their portfolios to make sure they have enough exposure to bonds to protect against what the investment legend calls an “unstable U.S. federal government” and a “Brexit debacle.”
Bogle’s comments come as UK prime minister Theresa May faces a vote of confidence in her leadership and after MSCI, the world’s biggest provider of investment indices, said British stocks could fall as much as 25% if the country’s politicians reject the UK government’s proposed deal to leave the EU and there is a disorderly exit from the trading bloc.
The 89-year-old founder of asset management giant Vanguard told Financial News: “Investors are not paying nearly enough attention to the risks that could affect our markets: an unstable US federal government, a Brexit debacle, and a U.S. stock market that remains at relatively high valuations
Regards,
Ted
https://www.barrons.com/articles/vanguard-founder-jack-bogle-says-buy-bonds-51544631356?mod=hp_DAY_5
