Bond Myths Debunked
Clients and prospective clients often ask why we use bond mutual funds rather than individual bonds. The case for individual bonds is often stated as follows: “I can just buy actual bonds and hold them to maturity, so I know exactly what I’m getting and don’t have to worry about losing money.”
Monday, April 30th, 2012
A Scathing Exit from Goldman Sachs
On Wednesday, an executive director of Goldman Sachs publicly announced his resignation in a scathing New York Times op-ed. His commentary serves as a strong reminder of what can happen when firms are not legally compelled to act in the best interests of their clients.
Friday, March 16th, 2012
The Income Trap
With bond yields at historic lows, income-focused investors are left searching for ways to increase portfolio cash flow. Common approaches include a focus on high-yield bonds and/or dividend-paying stocks. However, a number of fundamental portfolio management considerations should lead an investor to reconsider the allure of these income-centric strategies.