BABs for IRAs
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BABS are not all long bonds I've sold short, int., and long You indy guys need to do some homework They are long and intermediate bonds in this portfolio The asset allocation fund has a fixed income mix The asset allocation fund will grow and be a larger part of his portfolio with bond payments It's not all of his money, just a portion The left hand is talking to the right hand He has a BIG 401k which I diversifed ALL his monies were in cash prior so this we're moving in the right directionI don’t like the idea of taking a 70K rollover and moving 50K into BAB’s which are all long bonds and then 20K into an asset allocation fund. I would want to diversify the fixed income more than that…
Volt. Your headed in the right direction. They are just mad cause you made more gross off it than they did all month.
And once again, windy makes this thread about how much you produce. Next he will tell us how much he is grossing and turn this into a thread about himself. Here is an idea that you may not have considered windy, there are those on this board that produce less than you, and those that produce more than you. However, you are far and away the most likely to bring up production in any thread. Think about it.Volt. Your headed in the right direction. They are just mad cause you made more gross off it than they did all month.
BABS are not all long bonds I've sold short, int., and long You indy guys need to do some homework They are long and intermediate bonds in this portfolio The asset allocation fund has a fixed income mix The asset allocation fund will grow and be a larger part of his portfolio with bond payments It's not all of his money, just a portion The left hand is talking to the right hand He has a BIG 401k which I diversifed ALL his monies were in cash prior so this we're moving in the right direction [/quote] Ok, I tried to help you avoid a problem but you already know what you are doing. In addition, you felt the need to try to slam me when all I was trying to do was help you. Good luck![quote=noggin]I don’t like the idea of taking a 70K rollover and moving 50K into BAB’s which are all long bonds and then 20K into an asset allocation fund. I would want to diversify the fixed income more than that…
I’m just trying to share a simple sales idea with some fellow rookies. Many of the vets on this board are so jaded any idea that didn’t origniate from them sucks. I’m not even sure why they come on this site, they know everything anyway - and why they are here they “hang out” in the rookie forum. I guess some guys just can’t forget high school.
Seriouly though, Jones rookies ... this is a no brainer and a heck of a way to make you different from the crowd. None of my prospects have ever even heard of BABs - when you show them what they are, their saftey, and what they pay it's a game changer. Use the interest to annutize your business. It's not advisory solutions but it beats the heck out of all A-shares. BTW: mr. blonde is gay[quote=noggin]
Ok, I tried to help you avoid a problem but you already know what you are doing. In addition, you felt the need to try to slam me when all I was trying to do was help you. Good luck![/quote] I'm not slamming you, sorry if it came off that way. I appreaciate the feedback. Does my plan not work for the client? I know you don't know about the other parts of his portfolio but I "laddered" the best I could.And once again, windy makes this thread about how much you produce. Next he will tell us how much he is grossing and turn this into a thread about himself. Here is an idea that you may not have considered windy, there are those on this board that produce less than you, and those that produce more than you. However, you are far and away the most likely to bring up production in any thread. Think about it.[/quote] lol...I didn't say sh*t about my production.[quote=Ronnie Dobbs]Volt. Your headed in the right direction. They are just mad cause you made more gross off it than they did all month.
[quote=voltmoie][quote=noggin]
Ok, I tried to help you avoid a problem but you already know what you are doing. In addition, you felt the need to try to slam me when all I was trying to do was help you. Good luck![/quote] ...Does my plan not work for the client? I know you don't know about the other parts of his portfolio but I "laddered" the best I could.[/quote] it's an interesting approach if you fully consider what you're doing; and I use BABs extensively. However, I'm more prone to using trusts at the 50K level for diversification purposes. Naturally, you could have purchased 10, 5k pieces for all I know. Does your plan work? I don't want to speak for a former Joneser like Noggin, but had you considered what portion of your portfolio would be covered by international debt, corporate, federally back? Diversification as pertains to fixed goes beyond ladders. Again, no knowing what the rest of your portfolio contains.[quote=voltmoie][quote=noggin]
Ok, I tried to help you avoid a problem but you already know what you are doing. In addition, you felt the need to try to slam me when all I was trying to do was help you. Good luck![/quote] I'm not slamming you, sorry if it came off that way. I appreaciate the feedback. Does my plan not work for the client? I know you don't know about the other parts of his portfolio but I "laddered" the best I could.[/quote] No problems Voltmoie. I try to help where I can and try not to slam folks these days. I find great value in our forum and think it is truly a great learning tool. I agree with Lock on some of the diversification ideas, a ladder is just a start on the maturities. I am guessing the Intermediate maturities were 10 years and the long maturities that you used are 20-30 years out. You are invested in only one type of fixed income.....having an exposure to corporates, govt backed, international, TIPS, bank loan and others would diversify the client much better. I think you have some int rate risk the way you did it that you may have to deal with down the line.....Even with 50K there are ways to get greater diversification. There are many fixed income funds that actually ladder in their portfolio in addition to diversifying among many of the categories I mentioned. I also found out that if I didn't diversify each account by itself, sooner or later the client would have a problem.......It’s tough to adequately diversify a 70K portfolio with individual securities. Typically you need to use packaged products (funds, UIT’s, ETF’s, etc.) in order to accomplish this. Not impossible, but also not always practical and/or economical, especially if you try to make adjustments or rebalance. And given the environment we are in, it’s hard to assume you will not make any changes.
And once again, windy makes this thread about how much you produce. Next he will tell us how much he is grossing and turn this into a thread about himself. Here is an idea that you may not have considered windy, there are those on this board that produce less than you, and those that produce more than you. However, you are far and away the most likely to bring up production in any thread. Think about it.[/quote] lol...I didn't say sh*t about my production.[/quote] No, you followed the windy playbook to the tee, get defensive immediately and make a comment about production to bolster your position. Reread my previous post. Try ignoring the second sentence. See if it sinks in. I'm sure it won't.[quote=Jebediah][quote=Ronnie Dobbs]Volt. Your headed in the right direction. They are just mad cause you made more gross off it than they did all month.
And once again, windy makes this thread about how much you produce. Next he will tell us how much he is grossing and turn this into a thread about himself. Here is an idea that you may not have considered windy, there are those on this board that produce less than you, and those that produce more than you. However, you are far and away the most likely to bring up production in any thread. Think about it.[/quote] lol...I didn't say sh*t about my production.[/quote] No, you followed the windy playbook to the tee, get defensive immediately and make a comment about production to bolster your position. Reread my previous post. Try ignoring the second sentence. See if it sinks in. I'm sure it won't.[/quote] Here's a thought. Stick your hand down your pants and in a pinching motion pull the Victoria Secret underwear out of your ass crack. Noone wants to see another "Windy Blah Blah" argument, inculding me. It was a joke. Get over it.[quote=Ronnie Dobbs][quote=Jebediah][quote=Ronnie Dobbs]Volt. Your headed in the right direction. They are just mad cause you made more gross off it than they did all month.
[quote=Jebediah]
I’m sure it won’t.
Right again.[/quote]What's your point? Are you the forum police deputy fife?
Look at this… Volt and Windy… taking on all comers… how cute
Ron, please stop PMing me about checking out my picture. I'm not into guys.
Volt - I wont show anyone else, i promise.
Windy - I would rather become a garbage man than go back to jones and that is not an exaggeration. Higher pay, lower expenses, and free food.