The folks at my blog server are doing a lot of "improvements" which are making my life difficult. At the moment I can't reply to comments in the comments section, so I'm replying here to a comment on the recent blog post "A High Yield Bond Fund Hedge Program versus "Stealth Annuities"". The comment is from Steve B.
""....Many junk bond funds lead me to this conclusion, based on price-only: most got halved in 2000-2002 equity selloff/economic recession/rising default enviro and never recovered. I assume that they will do the same or worse this time around. It is good of you to share Loomis long-term success.
Please direct me to your immediate annuity post.
Getting any closer to Rob Arnott's PIMCO AllAssetAuthority, which can go 20% equity short and uses TIPS, commodity, currency and high yield? I have been happy with its' performance and 7% yield since 02-08 purchase.
Posted by: Steve B. | August 21, 2008 at 05:42 PM""
Steve:
Here is the annuity article. http://twocents.blogs.com/weblog/2007/08/annuities.html
PAUIX has some real interest for me, and I may add it to the mix of LSBDX, HSGFX and HSTRX. Here are some charts:
It hasn't been around too long, but I think PRRIX would be a good proxy for what PAUIX, PAAIX, and especially HSTRX would have done from 1999 to 2002:
Tom
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