Coronavirus: Bond Boot Camp Part One

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 25 July 2020

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

What’s a portfolio without a bond position? It’s incomplete and potentially riskier than necessary. We field so many questions about your portfolios and asset allocation and while stocks may seem sexier because of their upside potential, you always hear me stress that everyone needs exposure to bonds as well. We rarely dive into bonds in great detail, what they are, how they work, and why you absolutely need them, which is why I thought it would be time for a little Bond Boot Camp. Joining us on the podcast this weekend is Kathy Jones, Senior VP and Chief Fixed Income Strategist at Schwab. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money Coronavirus Market Update. It is Saturday, July 25th. You ask for it, we deliver. We are talking about bonds as so many of you have asked these
0:17.1	questions and we are happy to bring you a great guest. Her name is Kathy Jones. She is Senior Vice President, Chief
0:25.7	Fixed Income Strategist at Schwab Center for Financial Research, and in our
0:30.6	interview today we are going to discuss the beauty of the mathematical equation known as bonds.
0:39.0	If you have a question about your portfolio and whether bonds should belong in that portfolio or
0:44.3	follow-ups just send us an email ask Jill at Jill on money. com
0:49.4	Ask Jill at Jill on Money.
0:52.6	Here's our interview with Kathy.
0:54.5	Kathy Jones, welcome to the program.
0:56.6	Thanks for being with us.
0:58.1	Well, thanks so much for having me.
0:59.9	Well, so tell us a little bit about how an English major becomes a bond maven.
1:06.2	Well, it was a bit of a circuitous route.
1:11.8	I started when I was in college as a runner at the Chicago Board of Trade. I went to school in the Chicago area and the reason I got that job is I needed a part-time job and my brother had a friend who worked there and my brother said he'll literally hire anybody so you have a shot.
1:31.0	That's great. Yeah so I went down there and I was running tickets into the
1:38.0	corn pit and soybeans and I just fell in love with the markets and went on to get my master's degree and
1:44.4	you know one thing led to another. Wait you never went back to commodities? I did
1:49.1	commodities for a long time but I haven't done them for probably 20 years now.
1:54.0	So you and I share something because my first job on Wall Street I was a gold, silver, and copper options trader on the New York Commodities Exchange.
2:04.0	I'm sure we know some people in common then.
2:07.0	Yes, some of them are in jail, I presume, but some of them may not be.
2:11.0	Some of them are fine.
	...

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