Equities and bonds are some of the main investment choices made available to retail investors. Due to the special inverse relationship shared between stocks and bonds, both are used as a combination to construct a resilient portfolio regardless of economic climate and uncertainty. However, when it comes to managing the ratio between equities and bonds, it not only boils down to the economic climate but also to personal preferential risk tolerances. I remember just a few months back when the investing community is all abuzz with the T-bills, Singapore Government Securities (SGS) Bonds, and Singapore Savings Bonds (SSB). I have never been a fan of fixed income, as broadly speaking, due to the limited upside. But it still is a valuable and useful asset for those who are risk aversive or looking to park their income when markets are bearish. But when markets are apparently bullish, as of the time of writing, should you renew your T-bills...