"Indeed, the fund's long-term record has been good. For the 10 years ended in 1996, its annual return was 21.8 percent on average, 6.5 percentage points ahead of the Standard & Poor's 500-stock index...
Through Thursday, Giftrust had lost 13.0 percent for the year, while Royce Gift Shares had gained 3.94 percent. Last year, the Royce fund returned 25.6 percent, while Giftrust was up just 5.8 percent."
Ed McQuarrie talks the REAL History of Stocks and Bond performance.
Worried About a Stock Market Crash? Here’s What You Should Be Worried About Instead. - Barron's https://share.google/zxmc1t7eE4TLrdHPh
Read this article from Barron's
https://www.morningstar.com/portfolios/when-it-comes-bonds-dont-be-hero
Interesting article on bond allocation, short term needs for retirement are better to be in a money market account up to two years of spending and up to ten years in a high quality active bond fund. Also active bonds have outperformed index bond funds by one percent