I am a big fan of Bill Gross. However, he is part of the super, super rich and an too paraphrase Scott Fitzgerald, "The rich are not like you and me." Bill Gross certain does not do his banking at a normal branch. Normally this does not matter . . .but in this case, it does. His latest commentary is wrong about how much investor can earn while waiting for the economy to improve.
http://www.learnbonds.com/bill-gross-is-wrong-about-cds/
Comments
I am the publisher of Learn Bonds. I am not trying to hide this fact in any way. The articles that I present on MFO have been on topic about bond mutual funds or their portfolio managers.
Learn Bonds is focused on investing in bonds, we write articles for an intelligent audience with various degrees of financial background.
Here are a couple articles which might be more towards your liking which deal with topics like pre-payment risks on MBS or difference in behavior between High Yield and Bank Loan funds in a rising interest rate environment:
http://www.learnbonds.com/blackrocks-leland-hart/
http://www.learnbonds.com/investing-in-mbs/
http://www.learnbonds.com/ultra-short-bond-funds/
You have criticized the Learn Bond's article about "how to choose a core bond fund" or municipal bond fund for being overly simplistic. I agree that the article was simple, however, I disagree that simple is bad. If a reader ends up with a good fund after reading the article and following its steps (which I believe they will), what is wrong with a simple approach? Ironically, internally we debated making the article shorter and simpler because its was several pages long. Hopefully, you will see from the links that I provided above its not that we are not capable of producing more complicated content, but we choose to make our prose easy to read and understandable.
By the way, were you involved with the site fund alarm that closed? Would you like to write for Learn Bonds - you seem very knowledgeable and Fund Alarm was well respected. We would love to have your contributions.
Best regards,
Marc Prosser
Publisher
Learn Bonds
Thanks for the invitation to contribute. Unfortunately, I am not able to write for any site in a meaningful fashion because i work for a large asset management firm. I do tend to latch on to some topics i either find of interest or those that ignore serious risks for investors.
I had indeed been reading FundAlarm since at least 2000 and was contributing for the last few years of its life.
Welcome to the board.
I think the financial services industry would be to some degree against it, but I think the market and economic benefits would be considerable over time.