Todd Morgan | Source | Chairman at Bel Air Investment Advisors
Todd Morgan
Todd is a founding member of Bel Air Investment Advisors LLC. Prior to starting Bel Air, Todd was a Limited Partner at Goldman, Sachs & Co. in Los Angeles, where he launched the Private Client Services’ investment advisory business for high net worth individuals and families.
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Market Expert: Keep Bond Durations “Short or Very Medium Short”
While it’s still necessary to get core bond exposure if an investor’s portfolio is heavily tilted towards equities, it’s also important to keep duration in mind, especially if the investor’s primary goal is income generation.
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If you’re going to buy bonds and you need income, I would keep your duration, [your]maturities, short or very medium short. I think it’s too dangerous because rising interest rates — which, they could happen in the next couple years — could do a lot of damage to your portfolio if you start buying long-term bonds.
