I am just listening to some music on Youtube and between every song, there now seems to be a commerical. I have now listened to a couple different messages from the folks at Charles Schwab. And the second one I was like, WOW!!! Are you kidding me?
The very pleasent lady was explaining to potential customers of Schwab that raising rates would be a good thing for their bond portfolio as it would increase the yield from their income investments. Everyone knows raising rates is devastating to a bond portfolio. And if you own bond mutual funds, forget about it. Bond funds will get crushed when interest rates rise.