If the Post Office put it's RHBF funds in corporate stocks, they would own assets, shares of actual companies. If they put them in corporate bonds, they would be investing in a regulated market and have rights in event of bankruptcy. Any security-type investment can be diversified, and is subject to laws that at least sometimes act to force behavior and disclosures that protect the investor.
None of this is true of investment in Treasury bonds, which is what the law requires of the RHBF. They are backed only by the 'full faith and credit of the Congress of the United States.' (See what I did there?)
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If you Love Liberty, you must Hate Trump!
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