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On the podcast with Analysis Associates’ Jim Masturzo, I mentioned that the largest head scratcher throughout the investing panorama for me is the fastened earnings house (the section begins right here).
I actually don’t get why individuals are investing in dangerous and unstable fastened earnings markets like company bonds and junk after they don’t present a lot, if any, yield over T-bills.
Right here’s our outdated paper researching this curiosity, that may nonetheless have you ever 100% in T-bills……
“T-bills and Chill…A lot of the Time“
Right here is Vanguard on corporates and junk at 0 and three percentile spreads final 25 years:
And Apollo too:
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