This shows a lack of understanding of the holdings. It is reasonable for the advisor to recommend investing in short-term bonds, long-term bonds, Treasury bonds, and corporate bonds. However, BND, Total Bond Market ETF, holds all these types of bonds, so the separate funds are redundant. BNDX is not redundant; it holds international bonds, which are not in BND.- I hired a fiduciary financial advisor (whom I researched beforehand very well, checking his credentials, his standing on FINRA as well as state regulatory agencies, and more) for a one-time plan, not for ongoing advisory services (maybe I should consider that). I did inquire at the time of our only implementation meeting about the apparent redundancy in all the bond funds, and he simply replied that there wasn’t much redundancy and that this allocation would ensure that I was invested in most of the types of bonds, durations, etc. Not sure I agree, but what do I know? That’s why I hired an advisor.
Statistics: Posted by grabiner — Mon Oct 07, 2024 10:44 pm — Replies 24 — Views 2741