Monthly Flexible Income Portfolio

Subscriber Q&A: Waiting for Interest Rates to Rise

May 22, 2014

Subscriber Question: Given that interest rates are likely to rise, shouldn’t NoLoad FundX’s bond portfolio have more exposure to short-term bonds, floating-rate funds or Treasuries? NoLoad FundX Answer: We recognize that with rates at historic lows, they have to rise eventually, but we don’t think anyone can accurately predict when rates will rise or how […]

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Smoothing Out Bond Market Volatility

April 30, 2013

Interest rates haven’t risen (at least not yet), but bond market volatility has certainly increased this year. The Barclays Aggregate Bond Index, as measured by the iShares Core U.S. Bond Market ETF (AGG) which aims to track the Barclays Aggregate Bond Index, has bounced around this year-to-date, with little reward for greater volatility: the index […]

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A Surprisingly Good 2012

January 8, 2013

Investors faced anxiety and uncertainty throughout 2012. Much of Europe is in recession, the Middle East saw violence escalate, and at home, the U.S. government dealt with contentious fiscal tightening. These global concerns didn’t change during 2012, but the market’s reaction to the news changed. Despite unresolved turmoil the world over, both stock and bond […]

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Changing Bond Markets

October 16, 2012

Bond markets, like stock markets, change over time. Bond market leadership rotates as interest rates rise and fall, as bonds with higher or lower credit quality gain market favor, and as global currencies fluctuate.  Looking back at the last seven years, we can see many shifts in bond market leadership. High yields were often among […]

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A Low Volatility Bond Strategy

July 10, 2012

Paul J. Lim’s June 30, 2012 New York Times article, “Searching for Calm in the Bond Markets,” shows how investors can limit volatility in their bond portfolios, and the article’s conclusions are right in line with our low volatility approach to fixed income investing, our Flexible Income strategy. Lim interviews Robert V. Gahagan, a senior […]

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Subscriber Q&A: Long-Term Bond Funds

October 25, 2011

Subscriber Question: Long-term Treasury bond funds seem to be doing well lately. Would you consider including them in the Monthly Flexible Income Portfolio? NoLoad FundX Answer: We tend to avoid the long-term Treasury funds because they can be quite volatile.  They move inversely to interest rates – as do all government and other high credit […]

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Five Years of Fixed Income Guidance

January 13, 2011

NoLoad FundX is perhaps best known for its excellent long term equity performance, but the newsletter also has a winning fixed income portfolio. In August 2005, we added the Monthly Flexible Income Portfolio (MFIP) to NoLoad FundX. Back in 2005, we were still in the midst of a strong bull market and some investors wondered […]

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Flexible Strategy for Fixed Income Investing

September 16, 2010

NoLoad FundX’s Flexible Income strategy is an active approach to fixed income. Just as the NoLoad FundX Upgrading strategy responds to changes in the stock market, the Flexible Income strategy used in the MFIP responds to changing bond markets. Flexible Income aligns with current bond market trends by incrementally shifting our portfolios to the most recent, […]

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