SmartETF

Talking Fixed Income Investing with Ron Ryan

I'm an ex-Drexel guy and I'm continually impressed with Ron’s research. Some of his most important work include: 1) Defining the massive inaccuracy in the Ibbotson Long-Term bond index (that most of Wall Street still has tacked up on their cubicles), 2) Demonstrating that most equity indices have underperformed the risk-free rate of return (using a comparable time-adjusted risk free rate such as a 20 year zero coupon Treasury), and 3) that investing, for the most part, should be managing assets to liabilities, not performance (in other words, manage risk to the date the monies needed). Bravo Ron and thank you Heather for bringing some original thinking and brainpower to print.