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The Sapient Investor

Which Short-Term Bond Fund is Best? Thumbnail

Which Short-Term Bond Fund is Best?

Long-term bonds have a lot of interest rate risk and little yield. Here are some short-term corporate and muni bond ETFs with relatively attractive yields that are cheap to own (low expense ratios) and cheap to trade (low bid/ask spreads).

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Five Reasons to Avoid Long-Term Bonds Thumbnail

Five Reasons to Avoid Long-Term Bonds

Long-term bond yields are low by historical standards. For bonds, current yield = future expected return. Interest rates have much more room to go up than go down, with the risk of losing money on long-term bonds looming large compared to a very modest increment of yield. Stay away from long-term bonds until their incremental yields over short-term bonds justify their much higher level of risk.

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Hedge Funds on the Cheap:  Goldman Sachs Hedge Industry VIP ETF (GVIP) Thumbnail

Hedge Funds on the Cheap: Goldman Sachs Hedge Industry VIP ETF (GVIP)

Buy what hedge funds are buying without paying the high fees. Goldman Sachs Hedge Industry VIP ETF (GVIP) holds the 50 stocks most often owned by hedge funds for only .45%, not “2 and 20.” It is updated quarterly based on the 13f filings of U.S. hedge fund managers. It has shown a strong ability to provide risk-adjusted excess return compared to the S&P 500.

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Your Spending Policy in Retirement Thumbnail

Your Spending Policy in Retirement

Do you know how much you can safely spend each year in retirement? What is the “4 percent rule?” Is it realistic in today’s market? Could an “income annuity” help control your longevity risk and enhance your retirement income? Where does Social Security fit into all this? This article provides vital information, links to studies and databases, and guidance to help you decide on your own spending and investment path in retirement.

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Time to Refinance? Thumbnail

Time to Refinance?

Mortgage rates are at all-time lows. Refinance now before the recovery sends rates back up. That’s what I’m doing.

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Investing in Silver Thumbnail

Investing in Silver

Silver has been on a tear, but is still below its long-term highs and is cheap relative to gold. Like gold, silver hedges market, dollar, and inflation risks. Its return momentum appears likely to continue.

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Investing in Gold:  What, Why, and How Thumbnail

Investing in Gold: What, Why, and How

Gold has been on a tear, and its momentum is likely to continue. Long-term, gold is an excellent diversifying of stock market risk. It may also prove a good inflation hedge in the years ahead.

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What Should I Do with My Brokerage Cash? Thumbnail

What Should I Do with My Brokerage Cash?

Nearly all brokers are paying only .01% in interest on cash automatically swept into affiliated bank accounts. You can do much better, without taking on much incremental risk and without a lot of operational headaches. Here’s how.

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Managing Your 401k Thumbnail

Managing Your 401k

Here are some tips for how to get the best results in your 401k, along with links to many helpful resources.

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