“The drastic changes in the fixed-income market in recent months—largely driven by the Federal Reserve’s signaling that interest rates will stay near zero until 2023, plus the central bank’s aggressive bond-buying—necessitates a reassessment of bond portfolios.”Good read. The problem with bonds isn’t anything most of us don’t already know. Several money managers are cited, including Dan Fuss. I found it curious that Price’s Spectrum Income (RPSIX) made the top 10. Sure hasn’t impressed me lately (but still own a little). Dan Fuss’s income fund is allowed to hold up to 20% equities, and he seems to favor equities over bonds right now. Also discusses the the
barbell approach to portfolio construction.
No guarantee you can get through the paywall. But here’s the link.
https://www.barrons.com/articles/the-best-bond-funds-for-uncertain-times-51601679748
Comments
Here's an explanation about the barbell strategy: https://www.investopedia.com/articles/investing/013114/barbell-investment-strategy.asp
That print version may be available for free online via your local (or not so local) public library.
There are still virtues in reading print editions, even if you don't hold them in your hands. In this instance, one sees that the piece is just a sidebar to (or perhaps a "highlights" recap of) the writer's main article, "Building a Stronger Bond Portfolio". Or as it is entitled in the online edition, "How to Build the Best Bond Portfolio for Crazy Times".
https://www.barrons.com/articles/how-to-build-the-best-bond-portfolio-for-crazy-times-51601679774
I think Barrons is a bargain at the $12.50 monthly I’m paying. (Some can get it for less, depending on format desired.) I figure if I can’t pocket an extra $150 a year with a couple smart moves from being better informed, what good am I? Would rather folks pay for what they read. Puts food on the plates of top quality journalists.
All that said, when I need to copy / paste something to the board (hard to do from a Kindle read), I can usually locate the article with the DuckGo browser. This might work better (top article). https://duckduckgo.com/?q=There's very little middleground these days and thats reflected in the bond market Barrons&ia=images