Peter Schiff : I don't want long-term Bonds, because the rates are too low

Peter Schiff : The maturity on my bond fund … is two-point-something years. I don't want long-term bonds, because the rates are too low. But a lot of people are being suckered into making that tradeoff, because you can't get any yield on the short-term bonds. So some people are buying 10- and 20-year bonds, because they need the income. They don't realize how much risk they're taking. As an investment adviser, I'd rather tell my client: "Look, if you really want bonds, then just buy the short-term bonds and spend some of your principal now. Because you'll lose a lot less of it that way." - in The GlobandMail

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.