What we believe
BondSavvy challenges the status quo on long-held beliefs to uncover unique corporate bond investment opportunities.
We don’t advocate only investing in
bonds we can hold to maturity.
We continually evaluate the investment
recommendations we have made and
advise on whether we recommend no
longer owning those bonds and what a
better bond may be.
For our own portfolio, we have generally
held bonds for as short as six months
and as long as four-plus years.
Since our recommendations are focused
on achieving capital appreciation, we
often find corporate bond investments
that can drive higher after-tax returns
than municipal bonds.
We don’t believe bond funds and ETFs
are right for many investors.
Not only are their returns often weak, but
they defeat the purpose of owning a bond
since they do not return your principal at
maturity or pay a fixed coupon.
Bond funds take the “fixed” out of fixed
We don’t see interest rates as the primary
driver of bond prices. For many investors,
it’s the first and last thing they think about.
We look for compelling investment
opportunities at the bond (or CUSIP) level
where we have seen bond prices
increase even when interest rates have
While laddering is a good concept in
theory, we believe it can leave a lot of
money on the table.
If you limit your bond investment
selections to only those that mature in
specific years, you could be missing out
on a great bond that matures in a year
without a rung.
We evaluate bonds of ALL maturities to
find the best investment opportunities.
We are not just coupon clippers.
Rather, we seek to maximize total returns
by identifying undervalued bonds that
can appreciate in value.
Many of our investments to date have
achieved returns greater than those of
the stock market.
The over-diversification provided by large
bond funds and ETFs is a straight path to
We are partial to Warren Buffett / Charlie
Munger “focus investing” where we
concentrate investments on the best
We do, however, make 25-30 investment
recommendations per year so we provide
our clients a variety of investment