About this source
Ramin Nakisa from PensionCraft explains how bonds work, when they fit a portfolio, why the 60/40 may be dead, and how to use bonds for cash-flow planning, de-risking, and retirement.
Frameworks extracted
6 totalFINweeks
Bond Lifecycle Pricing Model
A bond is born at par, dies at par — only the middle is dirty.
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Money Market Fund as High-Yield Cash
Park short-term cash at the central-bank rate with daily liquidity.
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International Equity Hedge Over the 60/40
Geographic diversification beats bond hedging over multi-decade horizons.
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Sequencing Risk Mitigation
The first years of retirement matter exponentially more than the last.
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The Bond Ladder for Retirement De-Risking
Stagger bond maturities to fund living expenses and protect against sequencing risk.
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Bond Cash-Flow Matching
Use single bonds, not bond funds, to fund known future expenses with certainty.