In the 81 years through 2006, 30-day Treasury bills have been
the safest place to be, as can be seen in Table 1.2. Their risk measure—
their standard deviation—is way down at 3.1. These Treasury
bills have produced a loss in only one year, in 1938. But their
compound annual rate of return over those 81 years is just 3.7 percent,
according to Ibbotson Associates, a Morningstar company.
the safest place to be, as can be seen in Table 1.2. Their risk measure—
their standard deviation—is way down at 3.1. These Treasury
bills have produced a loss in only one year, in 1938. But their
compound annual rate of return over those 81 years is just 3.7 percent,
according to Ibbotson Associates, a Morningstar company.
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