Bonds No Longer a Refuge for Retirees

Stocks and bonds – a legendary paper matched set.  According to conventional financial wisdom, they go together like a horse and carriage: We should buy stocks for capital appreciation, and bonds for income. Stocks are for profitable risk; bonds are for safety. This is why financial advisors repeatedly counsel us to buy stocks when we’re young, and gradually move over to bonds as we grow older. But what if things aren’t working out that way? Suppose some investors decided to switch things around, and started purchasing stocks for income and bonds for capital appreciation? In an article Monday in MarketWatch…