Rebalancing Does Not Provide Safety
Lately, the financial media lately is full of articles with reminders of the August 2008 to March 2009 great stock market crash. Stock market highs tend to bring out these historical reminders. Mutual fund and money managers are frequently quoted in these articles....There is Nothing Strategic about Bond Mutual Funds
Bond mutual funds have lost money in 2013. Even worse, bond funds this year are down in price more than their current yield can recover. In the last five years from December 1, 2008 to December 1, 2013, the Vanguard Total Bond Market ETF (BND) is up about 6.78%. Over...
