larryswedroe wrote:fwiw retirees are the very people who should tilt AND lower beta exposure to cut tail risk when it matters most in withdrawal stage
by abuss368 » Thu Jun 12, 2014 4:36 pm
In his new book, W. Bernstein recommends avoiding all ETF bond funds. I recall Rick Ferri saying the same in the past.
Why? Higher expenses and the bid/ask spread?