Springfield Financial Advisor Explains How Worst Bond Market Since 1842 Will Recover

SPRINGFIELD, Mo. (KY3) – The beginning of 2022 has been unstable for investors, and a sure bet is not catching on much.

Stephen Evans, certified financial planner and owner of Evans Wealth Planning in Springfield, said the bond market is crazy.

“It’s pretty, pretty crazy to think you wouldn’t expect this asset class to behave like this,” Evans said.

Evans said this market is like nothing he’s seen before.

“You keep thinking we’re going to bottom out, and it’s only going to get worse. Worse and worse,” Evans said.

Evans said the low goes back to 1842, as this has been the worst bond market ever since. He said they are usually a safe option.

“It scares people, and that’s their safe asset,” Evans said. “They’re like, what am I supposed to do, and nothing does right.”

Evans said there are all different types of bonds, but usually they’re a secured asset, usually a large corporation or government that wants to borrow money, they’ll pay you your money back and then some. He said inflation and the pandemic have caused bonds to bottom out. Evans said this is not the time to panic sell.

“How do I play in this? Am I panicking? You don’t want to think irrationally. You don’t want emotions to get to you,” Evans said. “Because things are recovering. when things happen so quickly, things recover.

Evans said the bond market has bounced back every time since 1842, which is comforting news for nervous investors, but making smart money decisions is critical.

“There’s going to be a bad period,” Evans said. “Then those bad periods are when you don’t go out, and you don’t buy your new car, you don’t go on a super vacation, you just squat down and live your life.”

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