Fixed-income heavyweights ponder the ‘most dangerous’ bond market ever
Plus: Target-date fund success depends on the investor, you should have a will even if you aren't Prince, and historic levels of government paperwork.
- The world’s largest and most powerful fixed-income managers are starting to take sides regarding the level of risk building in $7.8 trillion worth of government bonds. With more central bankers turning to negative rates as a form of last-ditch monetary policy, the simple reality of duration is becoming a very serious matter. It won’t take much of a backup to inflict outsized losses.
- When it comes to target-date funds, it is often less about the product and more about the investor or adviser making a true long-term commitment. The key to their success stems from their broad use within employer-sponsored retirement savings plans.
- Even if you aren’t Prince, you should have a will. The importance of clarifying who gets what.
- Fans of big government will be pleased to learn that the amount of time Americans spend filling out government forms continues to grow at a steady clip. It is estimated that Americans will spend 10.8 billion hours filling out forms this year. That’s up from 7.7 billion hours in 2005. ‘Uncle Sam is either remarkably thorough or alarmingly Big Brotherish.’
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