This is a very difficult time to invest because the alternatives to stock are not all that attractive. Money market funds, to be candid, are really kind of a bad joke. With bonds, I worry about rising interest rates; it’s highly likely, but I don’t think anything is a certainty. I would confine my bond position to intermediate term bonds or limited-term bonds. So be careful, but you’ve gotta put the money somewhere or it’s not gonna earn anything
~Jack Bogle, founder, Vanguard, FOX Business interview, March 30, 2011
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