The Two Reasons Muni Bonds Don’t Belong in Your Portfolio
Two reasons municipal bonds don’t belong in your portfolio are underfunded pensions and Wall Street.
In the case of underfunded pensions look at what happened...
Munis Stuck between a Rock and a Hard Place?
There may be no good alternative for muni bonds today. According to Mark Schmidt and Michael Zezas of Morgan Stanley, whether the economy slows...
Didn’t This Happen Before the Last Crisis?
Companies from a wide array of industries are securitizing their assets. Essentially the companies are mortgaging themselves to achieve investment-grade debt ratings. This is...
Banks are Fleeing Munis. What are They Leaving Behind?
With fewer tax advantages offered by municipal bonds after the 2017 Tax reform, banks are leaving the market for the fixed income securities. What...
Are Munis a Shelter from the Storm? Not so Fast
The Wall Street Journal reports that Americans in high tax states like New York and California are jumping into municipal bonds to shelter their...
This Has Never Happened to German Bonds Before Now
For the first time ever, Germany's yield curve is completely negative. Bunds from 2 year to 30 year are all yielding negative rates. Bloomberg's...
Would You Buy this Bond?
Imagine a bond from a creditworthy country that pays you each year for 100 years. The only catch is, it only pays 1.2%. Would...
Would You Hire an Advisor to Buy Your Next Car?
Raise your hand if you enjoy the car buying experience?
Anybody?
The consumer car buying experience is widely regarded as one of the worst there is....
Why Not Invest at Negative Interest Rates?
Would you pay someone else to take your money? If you answered no, good for you. If you answered yes, many investors in European...
Here’s How to Build Yourself a Barricade Against Volatility
Back in October of 2006, as the crest of the Housing Bubble was forming, I remained doggedly attached to my principled investment strategy of...