What we believe
BondSavvy challenges the status quo on long-held beliefs to uncover unique corporate bond investment opportunities we present during
The Bondcast. Hover over the outside circles to learn how we approach corporate bond investing.
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 believe investors can benefit from
owning individual bonds vs. bond funds.
Owning individual bonds can help investors
achieve higher returns because a bond owner
can be selective and only buy the best
bond investments whereas funds have to overdiversify
and own thousands of bonds. Individual bonds also
have lower fees and pay you back at maturity.
We don’t see interest rates as the primary
driver of bond prices. Rather, we see them
as one of many factors impacting bond
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 not needed by many
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