What Smart Investors Know Smart investors take the time to separate emotion from fact. Share | Related Content Jane Bond: Decoding Diversification Agent Jane Bond is on the case, discovering how bonds diversify a portfolio. How the Federal Reserve Works Each day, the Fed is behind the scenes supporting the economy and providing services to the U.S. financial system. Taxable vs. Tax-Deferred Savings Use this calculator to compare the future value of investments with different tax consequences.