[Wikimedia-l] bond funds? (was Re: Annual Audit of the Wikimedia Foundation)

[Samuel Klein]

Thomas is right.  [And yes, bonds are on the radar.]  SJ


On Thu, Dec 27, 2012 at 6:28 PM, Thomas Dalton <thomas.dalton at gmail.com>wrote:

> This mailing list is not a suitable venue for a detailed discussion about
> investment strategy. There are a lot of different things you have to take
> into account when choosing investments. If the foundation wants to
> investigate other investment options they need to get a professional
> investment consultant (if they don't have one already) who will go through
> their specific needs and appetites and advise on what investments are
> suitable for them. We can't do that in a useful way on a mailing list.
> On Dec 27, 2012 10:08 PM, "James Salsman" <jsalsman at gmail.com> wrote:
>
> > Another thing I want to point out, because I just noticed it. The
> > recent years' yields on bond funds has been slightly higher than
> > equity (stock) mutual funds, but with only a very small fraction of
> > the volatility:
> >
> >
> http://news.morningstar.com/fundReturns/FundReturns.html?category=$FOCA$HY
> >
> > I'm not sure what the current thinking among fiduciaries is on
> > diversified high grade bond funds is, but the statistical distribution
> > of those long-term returns looks as if a variety of them for a portion
> > of the reserves would have a far better risk-to-return ratio than
> > sticking with certificates of deposit and treasury securities (which
> > currently pay negative real interest rates, i.e., less than inflation)
> > as we have been.
> >
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> >
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-- 
Samuel Klein          @metasj           w:user:sj          +1 617 529 4266