c*******n
发帖数: 1648 | 1 【 以下文字转载自 SanFrancisco 讨论区 】
发信人: yangqi (zzzzzz), 信区: SanFrancisco
标 题: Re: 工薪阶层的湾区六年工资和资产
发信站: BBS 未名空间站 (Sun Apr 7 00:41:39 2013, 美东)
http://www.mitbbs.com/clubarticle_t/Bond/31335339.html
http://www.mitbbs.com/clubarticle_t/Bond/31335343.html
Or look for kicker bond with higher yield to call in this low yield market
http://www.mitbbs.com/clubarticle_t/Bond/31335637.html
I do not have any muni bond fund/ETF because the interest risk is too high.
For bond fund in 401k, I recommend LSBDX or LSFIX or MXLMX, Loomis sayles
bond fund or fixed income fund. They are multi sector bond funds which go up
with equity like stock or junk bond but down side risk is much smaller.
Both have very good return in any 1,3,5,10 year period.
By carefully choosing individual bonds with higher yield and shorter term,
the interest risks are much smaller than bond fund or ETF. Kicker bond
without call protection but yield to call is higher than normal bond, no
risk if the ask price plus transaction fee is lower than call price, usually
$100. For example, 092840GQ4, 5% federal tax free interest, maturity date 7
/1/2018, bought at 99.92$. My tax free muni bonds have 4-6% yield (6-9%
taxable equivalent yield) with average term less than 12 years, no bond fund
or ETF can beat that. My taxable bonds have 5-8% yield with term less than
7 years, and for munis, most of them are insured by AGM or MBIA. For
corporate bonds, I like falling angels best. Buy them for better liquidity
than muni bonds and sell them when crisis is over, such as ILFC, AIG, BOA in
2009-2010, Jeffries in 2011, GNW, MS in 2012 and BBY, Dell this year. For
bond funds, only multi sector or emerging market is useful like Daniel Fuss
bet Ireland bond last year. Other than that, I think most of us can DIY
individual bonds with higher yield (not junk bonds, but lower investment
grade, especially muni bonds with insurance) than normal bond fund or ETF,
so that the interest risk is much smaller than bond fund or ETF which
usually put too much weight on treasury bonds, agency bonds, high rating
investment grade bonds that are most sensitive to Fed rate, and yields are
too low to offset the risk even you hold them.
For Roth IRA or IRA, mREIT like Agnc, BDC like Psec are good choice,
currently study MLP like NTI and ALDW in taxable account. | o*****s
发帖数: 1445 | 2 哥，我给你一个建议哈。能不能下次少转点华理的破烂新闻。多转点三番版面的吃喝玩
乐。对了，你珊瑚虾吃过吗？华理人要是在三番连个珊瑚虾都没吃过，你说，还讨论什
么华理新闻哪？有没有大宴过帝王蟹？跟你哪些国内的创业+有钱的高分子同学一起出
去逛过mall吗？见识过他们进店，店长出门把店给暂时关了。大手一挥，架子上的我都
要了的场面吗。擦，你不是一直说高分子能发财吗？你不是说回去以后同学都很成功吗
？来美国坐的是商务舱吗？身边带了能把人眼睛靓瞎的小三吗？手上都带了劳力士吗？
去三番什么好吃的高级餐馆带你全家开荤了吗？看见你开个车来，人家手一挥，我们订
车了。结果是hertz从LA调过来的ultra luxury car了吗？
其他的像修房子怎么修？怎么改扩建？最近开了什么好车？德国车有什么现在质量是可
以长期hold的？有哪些旅游的deal?怎么理财？听到什么中年猥琐男把房子钱抽出来，
把太太在房产证上的名字给抹掉，回国买房泡小三的事情。最后创业成功，王者归来的
跑三番看看原来的苦逼同事？还有怎么lease bmw650，泡
新来的小留。送人高仿的巴黎世家换初夜？大妈怎么生完小孩节食消去肚子，靠练阴道
肌肉夹的很给力。还来一张照片show off房子，车子，包，手表，办公室的？大家都来
点精彩人生好吗？
烦死那种华理的傻逼新闻了。你们小时候的幼儿园新闻怎么不转哪？ | c*******n
发帖数: 1648 | 3 尼玛 说明贴少乐 以后每天贴幼儿园新闻 你见多不怪哈 |
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