SAFE HAVEN INVESTING WITH FPA NEW INCOME FUND’S TOM ATTEBERRY

Safe haven investments are hard to find these days, which is why we need them more than ever.

We are faced with risks we haven’t experienced in living memory. A truly global and spreading pandemic, rolling government lockdowns, unprecedented involvement in securities markets by the Federal Reserve and other central banks, and massive stimulus from governments with payments to individuals and businesses.

Normally when corporate and government debt soars to record levels bond markets get nervous, bond prices fall and interest rates rise as investors worry about getting paid back.

Not in today’s environment. The Fed has essentially pledged to keep short-term interest rates near zero and backstop numerous types of loans to prevent businesses from going bust and laying off workers.

That assurance and the “don’t fight the Fed” adage seem to be enough for most fixed-income investors who continue to chase yield, driving bond prices up and interest rates down.

Not this week’s guest. Tom Atteberry is a Portfolio Manager of the flagship FPA New Income fund. Atteberry brings us up to speed on conditions in the bond market, and how they have changed since Covid-19.

Atteberry will also share his One Investment recommendation with us – it might surprise you!

WEALTHTRACK Episode #1704; Originally Broadcast on July 24, 2020

Listen to the audio only version here:

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THOMAS H. ATTEBERRY

• Portfolio Manager,
• FPA New Income Fund

OWN SOME SAFE HAVEN INVESTMENTS

• VOLATILITY ON THE UPSWING
• MORE FREQUENT MARKET DISLOCATIONS
• GROUP THINK DRIVEN BY ALGORITHMIC TRADING

No Bookshelf titles this week.

HOMEOWNERSHIP OPPORTUNITY

CONSIDER BUYING A HOME

• Record low mortgage rates
• Below historic rate of home price appreciation
• Makes long-term sense

No stock mentions in this episode.

Archive episodes available soon.

WHY TRADITIONAL BONDS ARE HIGH RISK, BUT MUNIS HAVE ADVANTAGES. TWO TOP BOND MANAGERS EXPLAIN

Posted on February 2, 2018

Two influential bond managers explain why municipal bonds still make sense and so many corporate and Treasury bonds don’t.
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PANDEMIC CHANGES

Award-winning short-term fund manager, Tom Atteberry reflects on some of the longer-term adjustments he is making in his personal and professional life as a result of COVID-19.