Fixed Income Discipline

We acknowledge the countless factors that may affect interest rates, from economic and monetary policy to domestic and international business cycles. We do not attempt to guess which direction interest rates will move.

In an attempt to minimize interest rate risk, we invest approximately equal dollar amounts per year in high quality bonds with maturities no longer than 10 years. In our experience, this "laddered" approach produces bond portfolios with lower volatility yet comparable returns relative to strategies that attempt to anticipate interest rate moves.

We select bonds according to the best after-tax yield based on each client's state and federal tax bracket.  We will work with your CPA to gather this information.