Strubel Investment Management - Wealth Management
Independent. Disciplined. Calm. Strubel Investment Management, LLC 1853 William Penn Way Executive Offices Suite 1 Lancaster, PA 17601 7172931170
Actived: Tuesday Feb 23, 2021
Dumb Investment of the Week: Floating Rate Note Funds
First off, we can understand why floating rate note funds may be appealing to investors. The fund has an SEC 30-day yield of 3.19% versus a generic investment grade bond fund like the Vanguard Total Bond Market Index Fund (BND), which has an SEC 30-day yield of just 2.28%. The problems start when we look at the credit quality.