Stocks vs high yield bonds
Not much to say, but I would like some peoples opinions on stocks vs high yield bonds?
Both asset classes fall a lot during recessions/corrections. High yield bonds offer more income which is good, but are generally riskier companies which is bad. Stocks have inflation protection which is good, but more leveraged in the sense they reinvest earnings which is bad for recessionary times.
Just want some peoples opinions...those who prefer one over the other