This allowed the bonds to earn a rating high enough so that cautious large investors would buy them.
But even some cautious investors, finding few bargains elsewhere, have been buyers of the financial stocks.
I believe that more cautious investors and those taking a short-term view may be better off in a good deposit account.
Yet a cautious investor, he said, could find reasons to buy bonds, even if they agree with him about stocks.
But cautious investors may want to wait at least until the new funds establish a track record.
A cautious investor might have missed much of that rally.
The Japanese, usually among the world's most cautious investors, are moving into town.
In general, they can give a cautious investor a little exposure, and that may well be enough.
Volume continued to be light, with investors still cautious over the course of interest rates.
Even if you are a more cautious investor, you can now benefit from the growth potential of the stock market without risk.