Commission-based bond portfolio
It’s something I’ve been toying with in regards to prospects and clients we meet with significant CDs who are fixed-annuity prospects but may not like the annuity concept or the surrenders. Does anyone have a fund family they like to build bond portfolios with say $20-30k. If they have $50k we can get them into wrap and then it’s not an issue but most people I meet (insert joke about not getting the big ticket here) aren’t going to write a $50k+ check and to go straight from CDs into fixed-income wrap.
Pioneer has some good bond funds. What are other people using?
I’ve been using a mix of Franklin funds. Nothing sexy or exciting, but they seem to have a good, middle-of-the-road fixed income selection. You can also get a bit of diversity.
I should have added as well: If anyone has any examples of models they’re using, let’s see them.
Mix of ETF’s and MF’sCombining AGG (Hi Grade Corp Bond ETF), and TIP (TIPS ETF), with STRYX (Pioneer Strategic Income (mix of corps, treasuries, MBS, foreigne etc - more conservatively run than Loomis)) Adding a little VIG (yeah i know thats EQUITY - But only 15-20% of portfolio - its Vanguard Dividend Achievers ETF), and hedging it all with some TBT (ETF thats inverse 20 yr treasury). This porfolio is giving me 6 plus % yield, and the hedge is working really well. I only recently started using this.