" the real return on stocks and bonds from
1793 through 1942 was almost identical (McQuarrie 2020b). Up to that point it had been a horse race, with sometimes stock investors ahead, sometimes bond investors—a quite different picture
than seen in Siegel (2014).
From 1946-1968 stocks so smoked bonds that bonds will never catch up when any time frame includes that two decade period. But before that, stocks and bonds were basically equal. After that, stocks did better but with a whole lot more risk.
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