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Hope none of your clients were in Schwab Yield Plus

It's not often that an ultra-short term bond fund manages to lose 24% in 3.5 months...

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Though the potential opportunity re: Schwab's Short-Term fund is intriguing (not that I'm going to touch it).

-- Rich Carreiro snipped-for-privacy@rlcarr.com

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Reply to
Rich Carreiro
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I think bond funds are like medicine. I don't like them but I am told I have to have a "balanced" portfolio. Over the past 10 years I probably could have doubled the size of my portfolio if I didn't own any bond funds.

Frank

-------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.

Reply to
FranksPlace2

Was that based on "auction rate bonds"? These paid slightly more than other short paper, but became illiquid this year. They may recover as the Fed increases liquidity.

-------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.

Reply to
rick++

It's only an opportunity if they're still holding the assets that lost so much money...

-Will

william dot trice at ngc dot com

-------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.

Reply to
Will Trice

It's possible that some of the great bargains may be had in a situation like this via a *closed* end fund rather than an open-ended one. CEFs have the advantage during market turmoil of not having to sell stuff off at the worst possible time in order to pay out redemptions, so they may be able, in fact, to continue to hold the securities in question.

Reply to
BreadWithSpam

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