[TIPS are a] terrific long-term hedge against inflation, ... are not a good hedge against short-term interest rate volatility. |
A good bond fund, like a high yield fund, has less credit risk and less interest rate risks -- and a good manager will add value, |
A lot of people don't want to hear too many gory details, ... when you buy a B-share you are still paying a load. |
Conventional wisdom is you don't need too many bond funds, |
Given the depth and complexity of the bond market, as well as its numerous inefficiencies and opportunities, bond funds deserve a lot more attention from individual investors, |
If you believe the bond market has already seen the worst hike in yields, then that's a great time to get in, |
If you're in the market for guidance, this is probably not a bad way to go. A lot of people will try to shame you into thinking you shouldn't be paying for help. But there's nothing shameful in doing it. |
In the rush to quality, municipals have been completely overlooked, |
In the rush to quality, municipals have been completely overlooked. |
It's easy to say, 'Throw it all in stocks,' ... A lot of people say that, but they've never been through a bad bear market. |
It's fair to say that most of them have lost money, |
It's not unlike what happened in tech, ... The better they do, the more people buy. What happens is the price gets really high and the compensation you get for taking on the extra risk goes down. |
Next year: same time, same place. I'll agree to play here every year. This place is just beautiful, and Washington always gives you a good game. |
Richard read nearly 45 years worth of the National Tribune on microfilm, which is an incredibly difficult thing to do. |
That's an especially high number for a sleepy market, |