We developed
The Select Approach™ as a method of
providing direction,
relationships and
utilizing our creativity.

We Are All Traders Now

Over the past couple of months, we have witnessed what it is
like to be winners. Investors of stocks and bonds have watched their portfolios
move higher with interest rates at or near historic lows, bond prices are
unbelievable high. And the effects of high bond prices have reverberated across
asset classes.

I pick on bonds because they are “fixed income”. There is
only so much income a bond generates (it’s coupon amount) and for only so long
(it’s maturity). So, when interest rates are near zero, the price of the bond
is approximately, or near, the sum of all of its cash flows (coupons plus
maturity or par … Read More