ditto, i am investing about that much and will be buying the phn280 high yield, rbc's new american based high yield fund and then phn110Also, consider the PH&N Bond Fund D:
there's the rub ... you could create a bond ladder but you are exposed to defaults ... you can buy an etf but you are exposed to price movement downwardKey is safety of principal but a better return than ING account
If one was avoiding bonds completely you can get 1.75% with Ally's 1-year "No Penalty" GIC, which is cashable at any time. It used to 2% (which is the savings account rate right now), and I'm kicking myself for not moving my Ally savings into it instead, to lock in that 2% rate. If you don't need the guaranteed rate you can get 2% in Ally's savings, and 2.2% from one of the Manitoba credit unions (not CDIC, but a provincial insurance program).but if your time horizon is short why not just put it in high interest savings or 1-year or less gic gic ?
at gicdirect you can get a 180 day gic that pays 1.55%
that approaches the yield to maturity of clf and xsb
If you have the large sums you mentioned and a ten year horizon, the gurus here can probably recommend bond areas that might be expected to outperform high interest savings. But for short term parking, Ally is a pretty good alternative. You can connect the account electronically to other institutions, and probably to some brokerage cash accounts as well. Until Ally decides it has built its customer base sufficiently, that's an extra half percent a year over ING.I actually dont need the money for 10 years or so I was looking to move money in the this type of asset as most of it is just sitting in cash
i do want the money safe
i will look at ally and ING
its sounds like bonds break about the same
I am wondering whats the point of doing DCA for ... bonds allocation ?ditto, i am investing about that much and will be buying the phn280 high yield, rbc's new american based high yield fund and then phn110
i think i will dollar cost average in over the next 6 months
just concerned about prices at the moment, want to see them come down
But isn't this the whole point of taking a passive approach to investment management in the first place -- not to make bets because amateurs and professionals alike have a very poor record of predicting the future?Since I have no idea about how to manage a portfolio of bond ETF's at this juncture, I use the PH&N Bond Fund D as my main bond holding. I just feel more confident paying a slightly higher fee to have professional managers looking after things.
PH&N have a very impressive track record.But isn't this the whole point of taking a passive approach to investment management in the first place -- not to make bets because amateurs and professionals alike have a very poor record of predicting the future?
If that's what you're after, it doesn't appear that you'll get any of it with PH&N -- more like a feel good notion.PH&N have a very impressive track record.
There place for active management, tactical asset allocation and even speculative investment in any portfolio.