From TINA To TIGA: Diversification Pays Again

RIA · Sep 30, 2026

For more than a decade following the Financial Crisis, one acronym embodied the investment landscape: TINA, "there is no alternative." The logic behind TINA was that the Fed and most other developed nations’ central banks held interest rates near zero and even below zero in some cases. As a result, Treasury, corporate, municipal, and international bond yields were extremely low for a decade.  Thus, stocks, reasonably valued after the financial crisis, offered a clearer path to meaningful returns. Today, TINA logic is less compelling. Risk-free 5-year and longer Treasury notes and bonds…