If you're thinking about switching from bonds to dividend-paying stocks, here's why you may want to exercise some caution.

A Vanguard financial advisor comments on replacing bonds with stocks when interest rates are rising

['Candid, in-depth video commentary from Vanguard leaders and industry experts on events and trends affecting the U.S. and global economies, the markets, and other topics that may affect your investments.', 'Candid, in-depth video commentary from Vanguard leaders and industry experts on events and trends affecting the U.S. and global economies, the markets, and other topics that may affect your investments.']

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A Vanguard financial advisor comments on replacing bonds with stocks when interest rates are rising

A Vanguard financial advisor comments on replacing bonds with stocks when interest rates are rising