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Richard, are you also opposed to ETFs versus a laddered portfolio for retail investors? The advantage of an ETF is that it's really easy to buy, can be margined in a margin account, and is easy to sell. And increasingly, it's easy to manage duration using the choice of fixed income ETFs now available.
Apr 11 11:07 am
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All Comments by David Jackson »Vanguard Offers Four New Bond ETFs [View article]
Very interested to hear your thoughts on this.
David