In Plus episode 464, we review how floating rate U.S. Treasury bonds are structured and why the iShares Floating Rate Treasury Bond ETF (TFLO) has a tiny bit of volatility compared to a money market mutual fund. Why different preferred stock issues from the same issuer have different yields. We discuss actively managed preferred stock strategies. Can we use the same methodology to value income-producing and non-income-producing assets? Do we need to invest in individual country ETFs to … [Read more...]
411 & 412 Plus: Floating Rate Treasuries, TFLO, Real Yield Curves, Trust, and GBTC
In this combined Plus episode 411 and 412, we explore how U.S. Treasury Floating Rate Notes work, and why they are cash equivalents. We discuss the iShares Treasury Floating Rate Bond ETF (TFLO) that invests in U.S. Treasury Floating Rate notes. We compare nominal and real inverted yield curves. We discuss how trust ebbs and flows. Finally, we explore why trust has lessened in the Grayscale Bitcoin Trust (GBTC). … [Read more...]
235 Plus: January 2019 Portfolio Update and Floating Rate Bonds
This Plus episode for the week of January 12, 2019 includes an update on David's portfolio and the model portfolios. We consider the pros and cons of owning an RV versus a second home. Finally, we look at why some investment grade floating rate bond funds lost money in December even though they have have no interest rate risk. … [Read more...]
204 Plus: Floating Rate Treasuries, Currency Forwards and Merriman Ultimate Buy and Hold Portfolio
This week May 12, 2018, we analyze floating rate Treasury ETF as a cash substitute. We look at how investors are supposedly locking in 3% returns using currency forward contracts, but it is unclear how they implement the strategy. Finally, we review the Paul Merriman Ultimate Buy and Hold portfolio. … [Read more...]
