t*m
发帖数: 4414 | 1 GNMA bond fund, 除了 interest rate risk, 还主要有什么风险？
谢谢 | a*****n
发帖数: 5158 | 2 i have as 7% of my 401a
【在 t*m 的大作中提到】
: GNMA bond fund, 除了 interest rate risk, 还主要有什么风险？
: 谢谢
| t*m
发帖数: 4414 | 3 I have 12% cash position in my 401K (collecting no return), and wonder if I
can buy some GNMA
any suggestions? thanks!
【在 a*****n 的大作中提到】
: i have as 7% of my 401a
| D*****t
发帖数: 558 | 4 GNMA has been discussed quite a lot at bogleheads.org, a website for
indexers. As far as i understand, it has the same level of credit risk just
as treasury. But it carries a particular type of risk called extension risk,
which i don't fully understand. Because of this, some people don't like
GNMA and prefer straight treasury for the purpose of diversification. Some
people would go so far as to ditch Vanguard Total Bond Market Fund just
because it has ~20% GNMA in its portfolio.
larry swedroe is the person who has discussed this at bogleheads.
I
【在 t*m 的大作中提到】
: I have 12% cash position in my 401K (collecting no return), and wonder if I
: can buy some GNMA
: any suggestions? thanks!
| t*m
发帖数: 4414 | 5 Thanks.
1. I agree with you. The credit risk of GNMA is the same as US treasury.
2. "extension risk". based on my understanding, when interest rate drop and
many people refi their mortgage, GNMA funds will underperform.
I want to play conservative, and want to choose between GNMA and PTTRX.
what do you think?
just
risk,
if
【在 D*****t 的大作中提到】
: GNMA has been discussed quite a lot at bogleheads.org, a website for
: indexers. As far as i understand, it has the same level of credit risk just
: as treasury. But it carries a particular type of risk called extension risk,
: which i don't fully understand. Because of this, some people don't like
: GNMA and prefer straight treasury for the purpose of diversification. Some
: people would go so far as to ditch Vanguard Total Bond Market Fund just
: because it has ~20% GNMA in its portfolio.
: larry swedroe is the person who has discussed this at bogleheads.
:
: I
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