The NFL has become a pass-oriented game, but it wasn’t always that way. It used to be that “three yards and a cloud of dust” was how games were won. Today, it’s the West Coast offense, crossing routes, drawing pass-interference penalties and lighting up the scoreboard.
Bond investing used to be like old-time football. You invested for the interest rate the bond paid, and you held it to maturity. Later, bond mutual funds and exchange traded funds (ETFs) came along, and you could have a stabilizing force alongside your stock portfolio.
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