Can we stop talking about T-bills now?

[SINGAPORE] I was slightly aghast when a colleague at The Business Times recently confided that her investment portfolio consisted entirely of Treasury bills (T-bills).

The government-backed, fixed-income instrument is seen as a safe investment. It carries little to no default risk while offering stable returns.

But surely this colleague – only in her 30s – is far too young to be so risk-averse.