Is a Negative Bond Yield Rational?

Unless you follow the global capital markets, you’re probably not aware that investors all over the world are currently receiving negative yields on their investments in bonds. In the United States, government agencies and corporations still have to pay a positive...

The Four Horsemen and Your Retirement

If you grew up in the Christian church, as many Americans have, you probably vaguely remember the story of the Four Horsemen. These Horsemen are referenced in the Book of Revelations, the last book of the New Testament of the Bible. Theologians differ on what these...

CDs, Treasuries and the “Yield Curve”

There is an old adage for investors that goes something like, “It’s not what you earn, but what you keep, that matters”. This of course relates to expenses like commissions and fees, but it’s primarily about taxes. After all, taxes are one of the few aspects of...