BNDogleheads are so backwards holding cash is a better investment.
BND is 1.94% per year in the last 10 years with an 18% drawdown.
1week Tbills are 2.17% if you take average fed rate and then 0.2% for the spread for the bank you get 1.97% with no state tax and no drawdown ever.
Please can someone enter the mind of the bogelhead and explain to me why BND isnt the worst "investment" ever? why is this your age in portfolio size?