3. What's The Best Asset Class Thus Far In 2018?

What's The Best Asset Class Thus Far In 2018?

Bozo
Bozo   |     |   1,328 posts since 2011

For readers of DA, this is easy. That said, financial columnists and pundits seem clueless. Last week's New York Times was the perfect example. I think it's time everyone recognizes that CDs are an asset class, not just another variety of fixed income. Dull and boring, perhaps. But with no interest-rate or default risk (unlike bond funds) and a guaranteed yield, sounds good to me as a hedge to all the other alternatives.

Just my moment on the soapbox.

Bozo

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QED
QED   |     |   86 posts since 2013
Bozo good post. I gave you a thumbs up. And by no means is it my intention to be some sort of wise guy. But you have to understand the inherent bias of the financial class and their media toadies. It's not that they necessarily disparage alternatives to their products, though sometimes they do. Instead more often what happens is exactly what you mention: they merely IGNORE competition which does not put profit from commissions into their own pockets. This sort of thing is RAMPANT on Wall Street. I can offer you the classic example, though they are legion:

Wall Street uninsured money funds VS. bank and CU insured money funds paying the same rate of interest or even more. Wall Street types have been ignoring the latter alternatives for longer than I'm able to remember. And of course it's because they make no money on the bank/CU products.

Wall Street: bunch of (money grubbing) skunks
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