Bill Gross channels John Bogle but is Wrong about CDs

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Bill Gross have you looked in the window of your local bank? In Bill Gross’s most recent market missive, “The Lending Lindy”, he makes the following statement: Most individual investors don’t have the privilege of time nor the choice of risking … [Read more...]

PIMCO Commodity Real Return Fund – Not the Inflation Protector it Claims to Be

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Since 2002, PIMCO has offered the PIMCO Commodity Real Return Fund (PCRAX).  The fund’s fact sheet (published on June 30th, 2012), describes it as “Capturing The Diversification and Inflation-Hedging Potential of Commodities”. The marketing for … [Read more...]