The Internal Revenue Service recently announced (via IRS Notice 2022-55) new employee-sponsored retirement account contribution limit increases effective in 2023. The headline limit adjustment was a 9.76% increase in employee elective deferral from $20,500 in 2022 to...
[UPDATED SEPTEMBER 2022] A few months ago a handful of economists were calling the inflation top, and some investors started betting on rate cuts in 2023. Fixed income investors that wagered on a bond rally were rewarded in July for extending duration in their...
Two weeks ago we wrote about how the liquidity of an ETF cannot simply be measured in the same way we evaluate a stock’s liquidity, even though they have similar trading characteristics. The interrelated factors driving an ETF’s liquidity are: 1) the flexible supply...
Since ETFs trade like stocks on an exchange, a common misconception is that the liquidity of an ETF can be assessed similarly to how a stock’s liquidity is evaluated. Using common stock liquidity gauges like average daily volume, shares outstanding, order book depth,...
Successful investing in high yield bonds requires great market timing, an appetite for equity-like risk, and a good deal of luck. These three characteristics are the exact opposite of what late-career and in-retirement investors want when they employ bond strategies....
The minutes from the FOMC’s meeting on May 3rd and 4th paint an optimistic tone, and project the Committee’s confidence that its shift to “neutral” conditions will be enough to prevail in its objective of bringing down inflation back towards the 2% long-term target....
