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Rising interest rates are destroying the economy. However, this scenario does present a wonderful opportunity to buy bonds with excellent yields. Interest rates affect bonds, stocks, and housing rates. Understanding how these all work together will assist your investing choices. Bonds are the stationary part of your portfolio, otherwise known as fixed income. They are safer than stocks, so you'll get less reward for less risk. But having a healthy balance between stocks and bonds is critical for any great long-term portfolio.
Now is a great time to diversify into bonds for the long run. Good Luck!