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Strange as it might seem, between early 2009 and mid 2012 stocks and shares doubled in value while investors were dumping equity or stock funds (that invest in and hold equities, stocks) and buying bond funds (that hold fixed-income long-lasting debt securities, bonds). Consist of words, had been holding selling the best mutual funds (performance-wise) and buying what they had become most comfortable with: shares of professionally managed portfolios of long-term fixed income debt securities called bond funds.

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