This is the worst year for stock and bond investors since 1969—here's what to do with your money

And for investors who hold both stocks and bonds, that's not how a mixed portfolio is supposed to work. Because bond prices and interest rates move in opposite directions, the Fed's moves have been eroding the value of bond portfolios. Bond investors: 'You have a lot more options'It's impossible to know how the economy or monetary policy will shake out in the short term. Should inflation continue to run hot, the Fed could keep hiking interest rates, in turn pushing down bond prices. According to many experts, who believe much of that carnage is behind us, now may represent a compelling opportunity for bond investors, says Laipply.