what fixed income today?

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Post Reply
Topic Author
feh
Posts: 1355
Joined: Sat Dec 15, 2012 11:39 am

what fixed income today?

Post by feh » Wed Mar 25, 2020 7:29 am

Recently rolled a 401K into a traditional IRA, so the money is sitting in Fido's SPAXX. Had been in total bond previously.

What's a good purchase today? CDs? Short term bonds? Total bond?

technovelist
Posts: 3178
Joined: Wed Dec 30, 2009 9:02 pm
Contact:

Re: what fixed income today?

Post by technovelist » Wed Mar 25, 2020 7:33 am

Treasurys.
Yes, I know they pay close to zero.
But zero is better than a loss.
In theory, theory and practice are identical. In practice, they often differ.

Topic Author
feh
Posts: 1355
Joined: Sat Dec 15, 2012 11:39 am

Re: what fixed income today?

Post by feh » Wed Mar 25, 2020 7:43 am

technovelist wrote:
Wed Mar 25, 2020 7:33 am
Treasurys.
Yes, I know they pay close to zero.
But zero is better than a loss.
If you think total bond is gonna be ugly for a few years, why not CDs?

User avatar
JoMoney
Posts: 8629
Joined: Tue Jul 23, 2013 5:31 am

Re: what fixed income today?

Post by JoMoney » Wed Mar 25, 2020 7:46 am

All of those sound like reasonable options, nothing in the fixed income area sounds "good" to me. A well shopped CD seems to offer a nice risk/reward relative to other options.
Personally, I would not feel comfortable trading in individual bonds or bond ETFs at this time because of the weird market conditions (traditional mutual fund probably ok, but I would avoid trading ETFs). Current conditions may make opportunities for some, but if you're not certain what you're doing your trade is more likely to be the "opportunity" someone else is looking for.
I've seen various warnings like below floating around:
https://fixedincome.fidelity.com/ftgw/fi/FILanding
Recent extreme market conditions have resulted in a lack of liquidity, wide spreads (the difference between the price a customer can buy and sell a bond), large swings in prices, and substantial increases in pressure on trading systems. This can make it very difficult to determine fair and reasonable pricing on bonds. Fidelity continues to monitor the market environment and make every effort to ensure a fair and reasonable market for our customers.

In addition, the recent drop in interest rates has caused some Treasury securities to have negative yields. While active markets do exist for these securities, pricing may not be currently available on Fidelity.com. If you are interested in buying or selling Treasury securities and cannot locate an active market on Fidelity.com, please contact a Fixed Income Specialist at 800-544-5372.
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham

technovelist
Posts: 3178
Joined: Wed Dec 30, 2009 9:02 pm
Contact:

Re: what fixed income today?

Post by technovelist » Wed Mar 25, 2020 7:54 am

feh wrote:
Wed Mar 25, 2020 7:43 am
technovelist wrote:
Wed Mar 25, 2020 7:33 am
Treasurys.
Yes, I know they pay close to zero.
But zero is better than a loss.
If you think total bond is gonna be ugly for a few years, why not CDs?
Instead of 1% FDIC insured, I'd rather have 0% as a direct Treasury obligation in this climate.
But I'm very risk-averse.
In theory, theory and practice are identical. In practice, they often differ.

User avatar
indexfundfan
Posts: 2877
Joined: Tue Feb 20, 2007 11:21 am
Contact:

Re: what fixed income today?

Post by indexfundfan » Wed Mar 25, 2020 8:12 am

Take a look at the secondary CD market. You can often find odd-sized CDs offered with a higher yield (even after accounting for the commission) than new issue CDs. Just make sure you pick a CD with call protection.
My signature has been deleted.

User avatar
birdog
Posts: 434
Joined: Fri Apr 07, 2017 1:35 pm

Re: what fixed income today?

Post by birdog » Wed Mar 25, 2020 8:23 am

technovelist wrote:
Wed Mar 25, 2020 7:54 am
Instead of 1% FDIC insured, I'd rather have 0% as a direct Treasury obligation in this climate.
But I'm very risk-averse.
When you say "1% FDIC insured" are you referring to an online savings account or something else? If savings account, why would you rather have 0% from a treasury instead of getting 1% from an online savings account? How is that less risky?

Topic Author
feh
Posts: 1355
Joined: Sat Dec 15, 2012 11:39 am

Re: what fixed income today?

Post by feh » Wed Mar 25, 2020 8:26 am

birdog wrote:
Wed Mar 25, 2020 8:23 am
technovelist wrote:
Wed Mar 25, 2020 7:54 am
Instead of 1% FDIC insured, I'd rather have 0% as a direct Treasury obligation in this climate.
But I'm very risk-averse.
When you say "1% FDIC insured" are you referring to an online savings account or something else? If savings account, why would you rather have 0% from a treasury instead of getting 1% from an online savings account? How is that less risky?
This is in an IRA; online savings account is not an option.

User avatar
birdog
Posts: 434
Joined: Fri Apr 07, 2017 1:35 pm

Re: what fixed income today?

Post by birdog » Wed Mar 25, 2020 8:31 am

feh wrote:
Wed Mar 25, 2020 8:26 am
birdog wrote:
Wed Mar 25, 2020 8:23 am
technovelist wrote:
Wed Mar 25, 2020 7:54 am
Instead of 1% FDIC insured, I'd rather have 0% as a direct Treasury obligation in this climate.
But I'm very risk-averse.
When you say "1% FDIC insured" are you referring to an online savings account or something else? If savings account, why would you rather have 0% from a treasury instead of getting 1% from an online savings account? How is that less risky?
This is in an IRA; online savings account is not an option.
OK. But I'd still like to know what 1% FDIC insured vehicle technovelist is referring to and why it's viewed by him as less risky than a 0% treasury. I'm not challenging anything, just asking for my clarification and education.

technovelist
Posts: 3178
Joined: Wed Dec 30, 2009 9:02 pm
Contact:

Re: what fixed income today?

Post by technovelist » Wed Mar 25, 2020 8:39 am

birdog wrote:
Wed Mar 25, 2020 8:31 am
feh wrote:
Wed Mar 25, 2020 8:26 am
birdog wrote:
Wed Mar 25, 2020 8:23 am
technovelist wrote:
Wed Mar 25, 2020 7:54 am
Instead of 1% FDIC insured, I'd rather have 0% as a direct Treasury obligation in this climate.
But I'm very risk-averse.
When you say "1% FDIC insured" are you referring to an online savings account or something else? If savings account, why would you rather have 0% from a treasury instead of getting 1% from an online savings account? How is that less risky?
This is in an IRA; online savings account is not an option.
OK. But I'd still like to know what 1% FDIC insured vehicle technovelist is referring to and why it's viewed by him as less risky than a 0% treasury. I'm not challenging anything, just asking for my clarification and education.
What I'm saying is that I'd rather have the Treasury owe me money directly than rely on FDIC insurance.
Yes, FDIC will almost certainly pay out eventually.
But if there are many bank failures, which isn't impossible, I could be in a very long line.
I'm willing to "pay" 1% on the cash portion of my portfolio to eliminate that possibility.
In theory, theory and practice are identical. In practice, they often differ.

User avatar
birdog
Posts: 434
Joined: Fri Apr 07, 2017 1:35 pm

Re: what fixed income today?

Post by birdog » Wed Mar 25, 2020 8:44 am

technovelist wrote:
Wed Mar 25, 2020 8:39 am
What I'm saying is that I'd rather have the Treasury owe me money directly than rely on FDIC insurance.
Yes, FDIC will almost certainly pay out eventually.
But if there are many bank failures, which isn't impossible, I could be in a very long line.
I'm willing to "pay" 1% on the cash portion of my portfolio to eliminate that possibility.
Gotcha. Thank you for the reply. And in this case (IRA) the 1% FDIC insured vehicle would be a money market fund?

technovelist
Posts: 3178
Joined: Wed Dec 30, 2009 9:02 pm
Contact:

Re: what fixed income today?

Post by technovelist » Wed Mar 25, 2020 9:12 am

birdog wrote:
Wed Mar 25, 2020 8:44 am
technovelist wrote:
Wed Mar 25, 2020 8:39 am
What I'm saying is that I'd rather have the Treasury owe me money directly than rely on FDIC insurance.
Yes, FDIC will almost certainly pay out eventually.
But if there are many bank failures, which isn't impossible, I could be in a very long line.
I'm willing to "pay" 1% on the cash portion of my portfolio to eliminate that possibility.
Gotcha. Thank you for the reply. And in this case (IRA) the 1% FDIC insured vehicle would be a money market fund?
I assume so but I don't know for certain. It should say so in the description of the fund.
In theory, theory and practice are identical. In practice, they often differ.

MnD
Posts: 4578
Joined: Mon Jan 14, 2008 12:41 pm

Re: what fixed income today?

Post by MnD » Wed Mar 25, 2020 9:18 am

technovelist wrote:
Wed Mar 25, 2020 7:33 am
Treasurys.
Yes, I know they pay close to zero.
But zero is better than a loss.
I'd guess a lot of people are dumping their blended and corporate bond funds after taking the recent price decline and moving into treasuries on the basis of recent performance and perception of "safety". If they move into treasuries with duration risk, this behavior could result in very significant loss as interest/duration risk rears its ugly head with renewed economic growth coupled with massive increases in government debt.
70/30 AA for life, Global market cap equity. Rebalance if fixed income <25% or >35%. Weighted ER< .10%. 5% of annual portfolio balance SWR, Proportional (to AA) withdrawals.

hudson
Posts: 2352
Joined: Fri Apr 06, 2007 9:15 am

Re: what fixed income today?

Post by hudson » Wed Mar 25, 2020 9:27 am

technovelist wrote:
Wed Mar 25, 2020 8:39 am
What I'm saying is that I'd rather have the Treasury owe me money directly than rely on FDIC insurance.
Yes, FDIC will almost certainly pay out eventually.
From the FDIC...see number 5 for time to payback for a bank failure.

https://www.fdic.gov/consumers/consumer ... tions.html

User avatar
birdog
Posts: 434
Joined: Fri Apr 07, 2017 1:35 pm

Re: what fixed income today?

Post by birdog » Wed Mar 25, 2020 9:33 am

MnD wrote:
Wed Mar 25, 2020 9:18 am
I'd guess a lot of people are dumping their blended and corporate bond funds after taking the recent price decline and moving into treasuries on the basis of recent performance and perception of "safety". If they move into treasuries with duration risk, this behavior could result in very significant loss as interest/duration risk rears its ugly head with renewed economic growth coupled with massive increases in government debt.
My thoughts as well. This market crash exposed the low amount of treasuries in my bond portfolio (relative to munis and corporates). I have intentions of correcting that but I have zero intentions of correcting that any time soon. I hold ETFs and after looking at the recent price action I can't imagine selling a muni fund right now to buy a treasury fund. I'm not a believer in selling low and buying high. I'm an optimist in the recovery of munis and corporates and won't make any moves right now. After a recovery I'll look to increase my treasury holdings relative to my munis and corporates.

Alex GR
Posts: 133
Joined: Mon Jul 31, 2017 9:17 am

Re: what fixed income today?

Post by Alex GR » Wed Mar 25, 2020 9:47 am

technovelist wrote:
Wed Mar 25, 2020 7:54 am
feh wrote:
Wed Mar 25, 2020 7:43 am
technovelist wrote:
Wed Mar 25, 2020 7:33 am
Treasurys.
Yes, I know they pay close to zero.
But zero is better than a loss.
If you think total bond is gonna be ugly for a few years, why not CDs?
Instead of 1% FDIC insured, I'd rather have 0% as a direct Treasury obligation in this climate.
But I'm very risk-averse.
I don't get it. Are you questioning the integrity of the FDIC system itself? :confused

dbr
Posts: 32132
Joined: Sun Mar 04, 2007 9:50 am

Re: what fixed income today?

Post by dbr » Wed Mar 25, 2020 9:50 am

I don't think what is a "good choice today" is a good approach to what assets you want to own in your long term IRA.

User avatar
Munir
Posts: 2595
Joined: Mon Feb 26, 2007 4:39 pm
Location: Oregon

Re: what fixed income today?

Post by Munir » Wed Mar 25, 2020 10:12 am

Why not deposit funds in Vanguard US Treasury Money Market fund (VUSXX) until the dust settles and then invest it for the long term?

User avatar
indexfundfan
Posts: 2877
Joined: Tue Feb 20, 2007 11:21 am
Contact:

Re: what fixed income today?

Post by indexfundfan » Wed Mar 25, 2020 10:23 am

An example of a secondary 21mo CD offering from Fidelity:

Image

Final yield after taking account into commissions is 1.900091%.

In contrast, a new-issue 18mo or 24mo CD pays only about 1.35%.
My signature has been deleted.

technovelist
Posts: 3178
Joined: Wed Dec 30, 2009 9:02 pm
Contact:

Re: what fixed income today?

Post by technovelist » Wed Mar 25, 2020 10:50 am

Alex GR wrote:
Wed Mar 25, 2020 9:47 am
technovelist wrote:
Wed Mar 25, 2020 7:54 am
feh wrote:
Wed Mar 25, 2020 7:43 am
technovelist wrote:
Wed Mar 25, 2020 7:33 am
Treasurys.
Yes, I know they pay close to zero.
But zero is better than a loss.
If you think total bond is gonna be ugly for a few years, why not CDs?
Instead of 1% FDIC insured, I'd rather have 0% as a direct Treasury obligation in this climate.
But I'm very risk-averse.
I don't get it. Are you questioning the integrity of the FDIC system itself? :confused
If there are numerous bank failures the FDIC may take awhile to pay out.
As I said above, I expect that they would eventually do so but it might not be immediate.
In theory, theory and practice are identical. In practice, they often differ.

Alex GR
Posts: 133
Joined: Mon Jul 31, 2017 9:17 am

Re: what fixed income today?

Post by Alex GR » Wed Mar 25, 2020 11:01 am

technovelist wrote:
Wed Mar 25, 2020 10:50 am
Alex GR wrote:
Wed Mar 25, 2020 9:47 am
technovelist wrote:
Wed Mar 25, 2020 7:54 am
feh wrote:
Wed Mar 25, 2020 7:43 am
technovelist wrote:
Wed Mar 25, 2020 7:33 am
Treasurys.
Yes, I know they pay close to zero.
But zero is better than a loss.
If you think total bond is gonna be ugly for a few years, why not CDs?
Instead of 1% FDIC insured, I'd rather have 0% as a direct Treasury obligation in this climate.
But I'm very risk-averse.
I don't get it. Are you questioning the integrity of the FDIC system itself? :confused
If there are numerous bank failures the FDIC may take awhile to pay out.
As I said above, I expect that they would eventually do so but it might not be immediate.
Oh I see. Thanks for the clarification.
There are some emerging market countries where a similar type of system failed. I just think the chances of that happening in the U.S. are about equal to aliens landing and curing this planet from the virus.
And if it did happen, they would probably pay interest up to the date you actually get back the funds.

Topic Author
feh
Posts: 1355
Joined: Sat Dec 15, 2012 11:39 am

Re: what fixed income today?

Post by feh » Wed Mar 25, 2020 11:21 am

Munir wrote:
Wed Mar 25, 2020 10:12 am
Why not deposit funds in Vanguard US Treasury Money Market fund (VUSXX) until the dust settles and then invest it for the long term?
Leaving it in SPAXX (the Fido equivalent) is an option. Just wondering if there are better choices. Normally I would just go with total bond, but it seems we're entering strange times.

I'll investigate the CDs Fidelity has available.

User avatar
ruralavalon
Posts: 17661
Joined: Sat Feb 02, 2008 10:29 am
Location: Illinois

Re: what fixed income today?

Post by ruralavalon » Wed Mar 25, 2020 11:38 am

feh wrote:
Wed Mar 25, 2020 7:29 am
Recently rolled a 401K into a traditional IRA, so the money is sitting in Fido's SPAXX. Had been in total bond previously.

What's a good purchase today? CDs? Short term bonds? Total bond?
Because you had been "in total bond previously", I suggest again buying the total market fund Fidelity® US Bond Index (FXNAX) or an intermediate-term bond fund.
Last edited by ruralavalon on Wed Mar 25, 2020 11:43 am, edited 1 time in total.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

J295
Posts: 2325
Joined: Sun Jan 01, 2012 11:40 pm

Re: what fixed income today?

Post by J295 » Wed Mar 25, 2020 11:42 am

feh wrote:
Wed Mar 25, 2020 7:29 am
Recently rolled a 401K into a traditional IRA, so the money is sitting in Fido's SPAXX. Had been in total bond previously.

What's a good purchase today? CDs? Short term bonds? Total bond?
My answer to your question is… Yes

No reason to limit yourself to just a single non-equity class. For what it’s worth, ours includes BND, tips, I bonds, CDs, short term bond fund, money market, and online savings. Lions share is in BND and tips.

JohnDindex
Posts: 112
Joined: Wed Feb 07, 2018 10:59 am

Re: what fixed income today?

Post by JohnDindex » Wed Mar 25, 2020 11:45 am

The Total Bond Market Index fund looks good to me, BND or AGG

Nobody knows nothing!

kxl19
Posts: 57
Joined: Wed Mar 13, 2013 12:41 am

Re: what fixed income today?

Post by kxl19 » Wed Mar 25, 2020 11:54 am

indexfundfan wrote:
Wed Mar 25, 2020 10:23 am
An example of a secondary 21mo CD offering from Fidelity:

Final yield after taking account into commissions is 1.900091%.

In contrast, a new-issue 18mo or 24mo CD pays only about 1.35%.
You must be stimulating demand - I just looked up this CD and YTM is now closer to 1.75%. =)

Topic Author
feh
Posts: 1355
Joined: Sat Dec 15, 2012 11:39 am

Re: what fixed income today?

Post by feh » Wed Mar 25, 2020 11:58 am

indexfundfan wrote:
Wed Mar 25, 2020 10:23 am
An example of a secondary 21mo CD offering from Fidelity:


Final yield after taking account into commissions is 1.900091%.

In contrast, a new-issue 18mo or 24mo CD pays only about 1.35%.
I'm looking at CDs on Fido's web site (secondary market)...I've never purchased CDs this way.

I assume what I would be earning is the "yield to maturity" column? That's what I should focus on (in addition to it not being callable)?

By the way - the amount of this rollover is a tiny portion of our portfolio. I'm considering this an experiment in what else is available besides total bond.

technovelist
Posts: 3178
Joined: Wed Dec 30, 2009 9:02 pm
Contact:

Re: what fixed income today?

Post by technovelist » Wed Mar 25, 2020 12:11 pm

feh wrote:
Wed Mar 25, 2020 11:21 am
Munir wrote:
Wed Mar 25, 2020 10:12 am
Why not deposit funds in Vanguard US Treasury Money Market fund (VUSXX) until the dust settles and then invest it for the long term?
Leaving it in SPAXX (the Fido equivalent) is an option. Just wondering if there are better choices. Normally I would just go with total bond, but it seems we're entering strange times.

I'll investigate the CDs Fidelity has available.
I've moved my cash balance at Fidelity to SPLXX, their Treasury-only MMF.
In theory, theory and practice are identical. In practice, they often differ.

User avatar
oneleaf
Posts: 2441
Joined: Mon Feb 19, 2007 5:48 pm

Re: what fixed income today?

Post by oneleaf » Wed Mar 25, 2020 12:22 pm

I-Bonds, EE-Bonds, CD's in taxable, a small amount of intermediate treasuries for diversification, substantial VTIP (Short Term TIPS ETF). Everything else is in Money Market. I need better rates to invest in treasuries, and I do not plan to take any risk on the bond side to reach for yield.

Topic Author
feh
Posts: 1355
Joined: Sat Dec 15, 2012 11:39 am

Re: what fixed income today?

Post by feh » Wed Mar 25, 2020 5:14 pm

Just checked on the SEC yield of FXNAX (total bond)...it's 2%. Higher than I expected.

Maybe I'll just go with total bond after all.

User avatar
indexfundfan
Posts: 2877
Joined: Tue Feb 20, 2007 11:21 am
Contact:

Re: what fixed income today?

Post by indexfundfan » Wed Mar 25, 2020 6:56 pm

feh wrote:
Wed Mar 25, 2020 11:58 am
indexfundfan wrote:
Wed Mar 25, 2020 10:23 am
An example of a secondary 21mo CD offering from Fidelity:


Final yield after taking account into commissions is 1.900091%.

In contrast, a new-issue 18mo or 24mo CD pays only about 1.35%.
I'm looking at CDs on Fido's web site (secondary market)...I've never purchased CDs this way.

I assume what I would be earning is the "yield to maturity" column? That's what I should focus on (in addition to it not being callable)?

By the way - the amount of this rollover is a tiny portion of our portfolio. I'm considering this an experiment in what else is available besides total bond.
Look at the "yield to worst" figure to get the yield. But take note that this number does not take into account the commission, which is $1 per $1000. To see the final yield that includes the commission, click on the buy button. The commission reduces the yield by about 10 basis points for this CD.
Last edited by indexfundfan on Wed Mar 25, 2020 7:07 pm, edited 1 time in total.
My signature has been deleted.

User avatar
whodidntante
Posts: 7563
Joined: Thu Jan 21, 2016 11:11 pm
Location: outside the echo chamber

Re: what fixed income today?

Post by whodidntante » Wed Mar 25, 2020 7:00 pm

technovelist wrote:
Wed Mar 25, 2020 7:33 am
Treasurys.
Yes, I know they pay close to zero.
But zero is better than a loss.
You can lose money holding Treasuries. The expected real returns of Treasuries is currently < 0, and it's worse for most of us after-tax.

technovelist
Posts: 3178
Joined: Wed Dec 30, 2009 9:02 pm
Contact:

Re: what fixed income today?

Post by technovelist » Wed Mar 25, 2020 7:07 pm

whodidntante wrote:
Wed Mar 25, 2020 7:00 pm
technovelist wrote:
Wed Mar 25, 2020 7:33 am
Treasurys.
Yes, I know they pay close to zero.
But zero is better than a loss.
You can lose money holding Treasuries. The expected real returns of Treasuries is currently < 0, and it's worse for most of us after-tax.
Not at 0% it isn't. :sharebeer
In theory, theory and practice are identical. In practice, they often differ.

User avatar
whodidntante
Posts: 7563
Joined: Thu Jan 21, 2016 11:11 pm
Location: outside the echo chamber

Re: what fixed income today?

Post by whodidntante » Wed Mar 25, 2020 7:17 pm

technovelist wrote:
Wed Mar 25, 2020 7:07 pm
whodidntante wrote:
Wed Mar 25, 2020 7:00 pm
technovelist wrote:
Wed Mar 25, 2020 7:33 am
Treasurys.
Yes, I know they pay close to zero.
But zero is better than a loss.
You can lose money holding Treasuries. The expected real returns of Treasuries is currently < 0, and it's worse for most of us after-tax.
Not at 0% it isn't. :sharebeer
Ha! Well played.

User avatar
birdog
Posts: 434
Joined: Fri Apr 07, 2017 1:35 pm

Re: what fixed income today?

Post by birdog » Wed Mar 25, 2020 8:42 pm

feh wrote:
Wed Mar 25, 2020 5:14 pm
Just checked on the SEC yield of FXNAX (total bond)...it's 2%. Higher than I expected.

Maybe I'll just go with total bond after all.
I would.

technovelist
Posts: 3178
Joined: Wed Dec 30, 2009 9:02 pm
Contact:

Re: what fixed income today?

Post by technovelist » Wed Mar 25, 2020 8:52 pm

whodidntante wrote:
Wed Mar 25, 2020 7:17 pm
technovelist wrote:
Wed Mar 25, 2020 7:07 pm
whodidntante wrote:
Wed Mar 25, 2020 7:00 pm
technovelist wrote:
Wed Mar 25, 2020 7:33 am
Treasurys.
Yes, I know they pay close to zero.
But zero is better than a loss.
You can lose money holding Treasuries. The expected real returns of Treasuries is currently < 0, and it's worse for most of us after-tax.
Not at 0% it isn't. :sharebeer
Ha! Well played.
Thanks!
In theory, theory and practice are identical. In practice, they often differ.

ugaDAWGS09
Posts: 396
Joined: Wed May 15, 2013 4:34 pm

Re: what fixed income today?

Post by ugaDAWGS09 » Wed Mar 25, 2020 9:07 pm

Thoughts on stable value funds in this bond market ? Could do 50/50 stable value and an intermediate bond fund or money market.

technovelist
Posts: 3178
Joined: Wed Dec 30, 2009 9:02 pm
Contact:

Re: what fixed income today?

Post by technovelist » Wed Mar 25, 2020 9:09 pm

ugaDAWGS09 wrote:
Wed Mar 25, 2020 9:07 pm
Thoughts on stable value funds in this bond market ? Could do 50/50 stable value and an intermediate bond fund or money market.
What's in the stable value fund? Do they tell you?
In theory, theory and practice are identical. In practice, they often differ.

Post Reply