When people meet us for the first time, one of the things that are most surprised to learn is that we don’t invest in bonds. Not ever. I love it when they ask why not, because it gives me a chance to explain how having bonds in your portfolio can cost you in a really big way. If you’ve worked with a traditional advisor, they will have spoken with you about allocating a portion of your portfolio to fixed income vehicles, more commonly known as bonds. What portion of your portfolio is invested in the fixed income category is traditionally determined by your age and how much time you have until you retire.