Friday, September 18, 2015

Quote of the Day

September 18, 2015
The Wall Street Journal: If Investors Bail, Will Your Bond Fund Flail?

It can easily cost 3% or more to sell less-liquid junk bonds–far more than the trading costs on high-quality corporate or government bonds.

Who thinks the typical "chasing yield" retail investor has a firm grasp of all the risks associated with owning non-investment grade bonds?

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