Over 80% of forecasts for 2017 were for interest rates to rise. Most were recommending shorter maturities. Our work, based on historical data, suggested that 2017 would be a good year for bonds (and perhaps a great year). Our analysis ...
Tagged with: George W. Karpus Money Management
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The 2016 election of Donald Trump awakened capitalism in the United States with hopes of less regulation and lower taxes for corporations. President Trump’s mandate that every new regulation must eliminate two regulations is a simple yet effective way to ...
Tagged with: George W. Karpus Money Management
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In full disclosure, I am independent with respect to my political party. In my opinion, the posturing of the two main political parties is extremely partisan and is a disservice to the majority of Americans by hindering the process of ...
Tagged with: George Karpus Money Management
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In the midst of the debate on tax reform, it’s important to first understand who pays taxes and how much they pay. The data for this article was pulled from the White House’s Office of Management and Budget. First, the ...
Tagged with: George Karpus Money Management
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Many investors are disappointed that interest rates have gone down this year. This has caused bond prices to rise, which has resulted in bond returns being very good year-to-date. With nearly 85% of investment professionals predicting a rise in interest ...
Tagged with: George Karpus Money Management
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How did a promise to pay backed by the full faith and credit work out for Puerto Rico, the City of Detroit, Greece, Venezuela or Argentina? Historically, when cities or countries cannot pay their bills, investors get refinanced at 40% ...
Tagged with: George W. Karpus Money Management
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When the 10 year U.S. Treasury yields 2.3%, how can an investor achieve a 5% return for six years on a very safe investment? The answer is term preferreds issued by closed-end funds. Closed-end funds and open-end funds (mutual funds) ...
Tagged with: George W. Karpus Money Management
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Having met with several knowledgeable and experienced people at other organizations, it appears to be the consensus that total returns for stocks and bonds over the next 10 years should be quite low by historical standards. Many are estimating total ...
Tagged with: Donald Trump George W. Karpus investing Money Management
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Many bond market “experts” are again calling for a poor year in the bond market for 2017. If history and data are any guide, these “experts” could yet again be wrong. At the end of 2015, experts were calling for ...
Tagged with: bonds George W. Karpus Money Management
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The bull market in bonds that began in 1982 is alive and well. As of the writing of this article, the 30-year U.S. Treasury Bond is presently trading at its lowest yield ever of 2.16%. The previous low yield was ...
Read More »Would you give a loaded gun to your 9-year old so he could go out and play with his friends? How about letting your 4-year old play with a box of matches next to newspapers on the floor? Giving your ...
Read More »Closed-End funds trading at discount to their net asset values have been the cornerstone of the investment success of my firm. Discounts on closed-end funds are wider today than at any time other than the last half of 2008 in ...
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