SOLD 90 shares of AGG iShares Aggregate Bond, at a price of $107.61 (net of transaction costs) BOUGHT 170 shares of MOS, The Mosaic Company at a total cost (including commission) of $59.21. MOS is about 10% of the portfolio, and BIA will look to sell (on the downside) if stock closes in the neighborhood of $53. […]
Bond Ladders vs. Bond Funds/ETFs
Fifteen years ago when, when someone asked me if they should invest in a bond fund or create a bond ladder, I always told them that a ladder was preferable, assuming you had enough money to properly build one. After seeing what happens to ladders in real life over time, my thinking has evolved. In […]
Professor Plum, With the Revolver, in the Library: Who Caused the Financial Crisis and How Did They Do It?
BIA Commentary and Opinion (Originally published on May 13, 2009) Right up until that fateful week in September of 2008 when Lehman Brothers, Fannie Mae, Freddie Mac,Merrill Lynch and AIG all imploded, most of the media, government and financial professionals either could not or would not acknowledge the economic disaster that was unfolding before their […]
You Ain’t Seen Nothing Yet
BIA Commentary and Opinion Originally published on June 13, 2009 – Last month at a Hollywood fund raising dinner, celebrities paid $34,000 per couple to listen to the President speak. While discussing his accomplishments, Mr. Obama boasted that he would stack up his first four months in office against any administration since FDR, and told […]
