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The Only Guide to a Winning Bond Strategy You'll Ever Need: The Way Smart Money Preserves Wealth Today buy bestselling books in print, audio books |
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| ♥♥♥♥♥ | Great Bond Book |
| I am a big fan of Larry Swedroe's books, and his postings on the Diehards dot Org website (Amazon does not allow links or web site addresses in these reviews).
I used this book to contrast and compare Larry's asset class recommendations to Rick Ferri, and great author of many books. I was a little surprised that Larry does not like Vanguard's Total Bond fund (VBMFX) because it contains 33% Mortgage Backed Securities (MBS). Larry would recommend other Vanguard short term bond funds which do not include any MBS like the Short Term Bond Index fund (VBISX) and the Intermediate Term Bond Index fund (VBIIX). I already knew Larry was an advocate of including commodities in the form of PCRIX in your portfolio. Rick Ferri contends that commodities should not be included in your portfolio because they lower your portfolio return. Larry also disagrees with two other Ferri recommendations, high yield (junk) bonds like Vanguard's High Yield fund (VWEHX) and emerging market bonds like Payden's PYEMX. Larry contends the rewards of junk bonds are not worth the risk and emerging market bonds behave too much like stocks. Larry's book does a great job of teaching how to use bonds in a passive index approach to investing. [[ASIN:0966705203 Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pro's]] [[ASIN:0451205367 The Richest Man in Babylon]] [[ASIN:0440506824 Bogle on Mutual Funds: New Perspectives for the Intelligent Investor]] [[ASIN:0671015206 The Millionaire Next Door]] [[ASIN:0071385290 The Four Pillars of Investing: Lessons for Building a Winning Portfolio]] [[ASIN:0393062457 A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing, Ninth Edition]] [[ASIN:0976585707 The Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get On With Your Life]] [[ASIN:0471730335 The Bogleheads' Guide to Investing]] |
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