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Howard Pressman Featured in Financial Planning article, "Is now the time to buy high-yield bonds?"

Howard Pressman Featured in Financial Planning article, "Is now the time to buy high-yield bonds?"

| October 01, 2019
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Howard Pressman, CFP®, Featured in Financial Planning article, "Is now the time to buy high-yield bonds?"

September 26, 2019, Financial Planning - With income-hungry investors gorging themselves on high-yield bonds and the funds and ETFs holding them over the last decade, perhaps a backlash was inevitable.

In early January, the yield on BB-rated bonds stood at 6.04%. Eight months later, it stood at 3.97%. The price rise and concurrent yield slide is enough to give some planners pause.

“I just don’t think that investors are being adequately rewarded for taking the risks,” says Howard Pressman, an advisor and partner at Egan, Berger & Weiner in Vienna, Virginia. “We’re probably closer to the end of this expansion cycle than to the beginning. Now may not be the time to be invested in these more risky securities.”

Read the rest here. 

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