t****u 发帖数: 8614 | 1 【 以下文字转载自 SanFrancisco 讨论区 】
发信人: tonyxu (无斋主人), 信区: SanFrancisco
标 题: 今天
发信站: BBS 未名空间站 (Fri Feb 20 19:20:43 2009)
与一个Financial Advisor聊天,他老人家建议到下一个轮次,到高点8500点以上,把
股票全部出掉换成Municipal bond。版上的各位大师们有何评论? |
K****D 发帖数: 30533 | 2 What if it reaches 8500 3 years later (up from a low of 4200)?
【在 t****u 的大作中提到】 : 【 以下文字转载自 SanFrancisco 讨论区 】 : 发信人: tonyxu (无斋主人), 信区: SanFrancisco : 标 题: 今天 : 发信站: BBS 未名空间站 (Fri Feb 20 19:20:43 2009) : 与一个Financial Advisor聊天,他老人家建议到下一个轮次,到高点8500点以上,把 : 股票全部出掉换成Municipal bond。版上的各位大师们有何评论?
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m******t 发帖数: 2416 | 3
By my book, any recommendation to put *everything* in one thing
automatically starts with a -2 score.
That said, Munis are good for cash parking. I have a sizable
portion in Viginia Munis now.
【在 t****u 的大作中提到】 : 【 以下文字转载自 SanFrancisco 讨论区 】 : 发信人: tonyxu (无斋主人), 信区: SanFrancisco : 标 题: 今天 : 发信站: BBS 未名空间站 (Fri Feb 20 19:20:43 2009) : 与一个Financial Advisor聊天,他老人家建议到下一个轮次,到高点8500点以上,把 : 股票全部出掉换成Municipal bond。版上的各位大师们有何评论?
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c****o 发帖数: 32446 | |
g****g 发帖数: 310 | |
h*9 发帖数: 38 | 6 The 1970 recession is as severe as 1929 recession if adjusted for inflation.
But the drop in equity price is much different, one is close to 90% and
other is only 50%. One had a bear mkt for 20 years, another has it only for
3 years. IMHO, the key question is how gov will respond to this crisis, i.e.
how much $ they will print out from thin air.
1929, with gold standard, the world got into a deflation spiral, the winner
of next 20 years is of course bond.
If one buy bond in 1970 and hold it thro
【在 t****u 的大作中提到】 : 【 以下文字转载自 SanFrancisco 讨论区 】 : 发信人: tonyxu (无斋主人), 信区: SanFrancisco : 标 题: 今天 : 发信站: BBS 未名空间站 (Fri Feb 20 19:20:43 2009) : 与一个Financial Advisor聊天,他老人家建议到下一个轮次,到高点8500点以上,把 : 股票全部出掉换成Municipal bond。版上的各位大师们有何评论?
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s********n 发帖数: 1962 | 7 Financial Advisor 的水平当真可高可低。我就见过 Fanancial Advisor 就认识
三个 Funds,其他一窍不通的。
【在 t****u 的大作中提到】 : 【 以下文字转载自 SanFrancisco 讨论区 】 : 发信人: tonyxu (无斋主人), 信区: SanFrancisco : 标 题: 今天 : 发信站: BBS 未名空间站 (Fri Feb 20 19:20:43 2009) : 与一个Financial Advisor聊天,他老人家建议到下一个轮次,到高点8500点以上,把 : 股票全部出掉换成Municipal bond。版上的各位大师们有何评论?
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f****t 发帖数: 1063 | 8 bond vs Money market, which one is better? and the reasons?
is that true:
1) for taxable account, munis are better
2) for non-taxable account (401k), MM is better?
【在 m******t 的大作中提到】 : : By my book, any recommendation to put *everything* in one thing : automatically starts with a -2 score. : That said, Munis are good for cash parking. I have a sizable : portion in Viginia Munis now.
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m******t 发帖数: 2416 | 9
I live in Virginia. So the dividends are tax free for me.
(Besides, I figured even if they would let California fail,
surely they would bail out the "Mother of Presidents".
...
They would, right?)
【在 c****o 的大作中提到】 : 咋买virginia munis?
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m******t 发帖数: 2416 | 10
Define "better", I guess. 8-)
I have generally been enjoying higher returns from the viginia munis
than MM. But bonds and bond funds fluctuate a lot compared to MM, which
doesn't fluctuate (at least not supposed to), so naturally you wouldn't
want to keep your cash cushion in bonds...
Oh I guess there is also the commission issue - MM doesn't cost any,
while bonds or bond funds do.
【在 f****t 的大作中提到】 : bond vs Money market, which one is better? and the reasons? : is that true: : 1) for taxable account, munis are better : 2) for non-taxable account (401k), MM is better?
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g********t 发帖数: 168 | 11 MM doesn't cost any??
【在 m******t 的大作中提到】 : : Define "better", I guess. 8-) : I have generally been enjoying higher returns from the viginia munis : than MM. But bonds and bond funds fluctuate a lot compared to MM, which : doesn't fluctuate (at least not supposed to), so naturally you wouldn't : want to keep your cash cushion in bonds... : Oh I guess there is also the commission issue - MM doesn't cost any, : while bonds or bond funds do.
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c*****s 发帖数: 16 | 12 Will there be default risk if buying municipal bond at this time? 大侠们给说
说?
【在 t****u 的大作中提到】 : 【 以下文字转载自 SanFrancisco 讨论区 】 : 发信人: tonyxu (无斋主人), 信区: SanFrancisco : 标 题: 今天 : 发信站: BBS 未名空间站 (Fri Feb 20 19:20:43 2009) : 与一个Financial Advisor聊天,他老人家建议到下一个轮次,到高点8500点以上,把 : 股票全部出掉换成Municipal bond。版上的各位大师们有何评论?
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s**********d 发帖数: 36899 | 13 这些FA能说对的话就不会干这种几万块的job了。 |
m******t 发帖数: 2416 | 14
I was thinking the default money market fund that comes with
almost every brokerage account.
【在 g********t 的大作中提到】 : MM doesn't cost any??
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g********t 发帖数: 168 | 15 there is still fee for the default money market fund if you read the
prospectus. sometimes, it is really higher than index fund.
【在 m******t 的大作中提到】 : : I was thinking the default money market fund that comes with : almost every brokerage account.
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m******t 发帖数: 2416 | 16
Very true.
I did say "commission" not "expenses"... didn't I...
//flip through posts and double check
Yep, sure did. :)
【在 g********t 的大作中提到】 : there is still fee for the default money market fund if you read the : prospectus. sometimes, it is really higher than index fund.
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