Long and difficult-to-read books and articles abound on asset allocation strategy and the role that fixed income plays in a diversified portfolio. This note aspires to be neither long, nor difficult! Rather, we want to take a moment to remind ourselves and our readers of the important role that bonds play in a portfolio, even [...]
The thing I find most interesting about investing is how paradoxical it is: how often the things that seem most obvious—on which everyone agrees—turn out not to be true.” --Howard Marks, Co-Founder Oaktree Capital Management You may have heard the saying that “economists (and/or markets) have predicted 9 of the last 5 recessions.” Perhaps then, [...]
In a recent blog post on low-risk investments for an inflationary environment, we focused on Series-I Government bonds, highlighting their purchasing power protection, their unique taxation benefits, and their marketability and liquidity profile. We also briefly mentioned TIPS (Treasury Inflation Protected Securities), a close relative of I-bonds, which are another variety of government issued bond [...]
Imagine walking into your new doctor’s office for a routine physical. The doctor asks for no information other than your age. From just that piece of information, the doctor gives you a clean bill of health, suggests that you exercise 3 times each week, eat a well-balanced diet, thanks you for coming, and reminds you [...]
