My first investment book was Andrew Tobias’ The Only Investment GuideYou’ll Ever Need. Most memorable point was that if the stock market ever enters bubble territory you should sell everything and move to cash. I may now be in flagrant violation of Tobias’ advice.
I didn’t know FD needed books. Seems to operate by Divine Inspiration.

What made HOSIX great to this point is its SD. In terms of returns, HOSIX performed in line with HY bonds, hence my reference to BGHIX. What is unknown is how HOSIX will do when the space gets hit, and it inevitably will. What concerns me most is even looking at the structured space, other funds experienced significantly more volatility (the SD for CLOZ was 3.07 compared to 1.25 for HOSIX...and the max DD was 1.35 versus .16). Was this the result of better bond selection at HOSIX or the possibility that HOSIX has hard to price bonds such that volatility is masked when the bonds perform? Again, no one knows. I think I will still with JSVIX for now. Those guys from Semper have seen tough times before and that provides some comfort. Separate from these bond funds, I've been pretty impressed with BUYW in terms of risk v. reward. Good luck all!

What made HOSIX great to this point is its SD.

Nope. Both performance and risk/SD were great. That's 2 knockouts.
RPHIX has better SD than HOSIX but performance is far behind.
This is exactly what I'm looking for. Performance + lower SD. It doesn't mean I get the best performance; I get good risk-adjusted performance funds.
Remember, SD is based on monthly numbers and does not always show the volatility.
I don't invest in typical HY or EM, and if I do, it's only for weeks.
But if I'm looking for riskier funds, EGRIX, and APDPX would be top funds for me.
See 3+ years of EGRIX, APDPX, BGHIX
(

link).
You can also see YTD at (https://schrts.co/egqaVFzj)

The fact is that since the inception of HOSIX its CAGR is 8.97 versus 8.01 for BGHIX. I get the comparison over the past three years of the funds you listed on PV...but if you go back past 3 years you can look at how HOBIX compares to BGHIX (surrogate for the HY space) back to 2016. While I get that HOBIX is not HOSIX, if I recall correctly it was still a fund heavily invested in the securitized space. It's not such a pretty picture for HOBIX as BGHIX performed better overall, and even better compared to EGRIX, which shows how different times can yield very different outcomes.

@WABC. Rates will continue to lower if FED independence is destroyed. Seems that is going to happen and sooner rather than later. And if all the data the new fed gets is garbage , they can justify any rates the boss demands.

Since the recent rate cut by the Federal Reserve, U.S. Treasury rates have actually risen rather than fallen. The 10-year Treasury yield is currently about 4.14%, up slightly from around 4.01% shortly before the Fed's rate cut. Similarly, the 30-year Treasury yield stands at approximately 4.76%, indicating a rise as well. Shorter-term rates, such as the 5-year Treasury, are around 3.71%, also ticking higher. The effective federal funds rate dropped 25 basis points to about 4.08% after the cut, but the longer-term Treasury yields have not followed the typical pattern of decreasing; instead, they have increased or remained stable since the cut.
This phenomenon, where long-term yields rise after a rate cut, has been observed previously and is often influenced by inflation expectations and supply-demand dynamics in the bond market rather than just the Fed's policy rates. The yield curve has steepened, and mortgage rates have also moved higher despite the short-term rate cut.

What made HOSIX great to this point is its SD. In terms of returns, HOSIX performed in line with HY bonds, hence my reference to BGHIX. What is unknown is how HOSIX will do when the space gets hit, and it inevitably will. What concerns me most is even looking at the structured space, other funds experienced significantly more volatility (the SD for CLOZ was 3.07 compared to 1.25 for HOSIX...and the max DD was 1.35 versus .16). Was this the result of better bond selection at HOSIX or the possibility that HOSIX has hard to price bonds such that volatility is masked when the bonds perform? Again, no one knows. I think I will still with JSVIX for now. Those guys from Semper have seen tough times before and that provides some comfort. Separate from these bond funds, I've been pretty impressed with BUYW in terms of risk v. reward. Good luck all!

What made HOSIX great to this point is its SD.

Nope. Both performance and risk/SD were great. That's 2 knockouts.
RPHIX has better SD than HOSIX but performance is far behind.
This is exactly what I'm looking for. Performance + lower SD. It doesn't mean I get the best performance; I get good risk-adjusted performance funds.
Remember, SD is based on monthly numbers and does not always show the volatility.
I don't invest in typical HY or EM, and if I do, it's only for weeks.
But if I'm looking for riskier funds, EGRIX, and APDPX would be top funds for me.
See 3+ years of EGRIX, APDPX, BGHIX
(

link).
You can also see YTD at (https://schrts.co/egqaVFzj)

What made HOSIX great to this point is its SD. In terms of returns, HOSIX performed in line with HY bonds, hence my reference to BGHIX. What is unknown is how HOSIX will do when the space gets hit, and it inevitably will. What concerns me most is even looking at the structured space, other funds experienced significantly more volatility (the SD for CLOZ was 3.07 compared to 1.25 for HOSIX...and the max DD was 1.35 versus .16). Was this the result of better bond selection at HOSIX or the possibility that HOSIX has hard to price bonds such that volatility is masked when the bonds perform? Again, no one knows. I think I will still with JSVIX for now. Those guys from Semper have seen tough times before and that provides some comfort. Separate from these bond funds, I've been pretty impressed with BUYW in terms of risk v. reward. Good luck all!

What made HOSIX great to this point is its SD.

SECURE 2.0 introduced two notable changes to this system:
mandatory Roth treatment for catch-up contributions by high earners for taxable years beginning after Dec. 31, 2023
optional "super catch-up" contributions for participants ages 60 to 63 for taxable years beginning after Dec. 31, 2024

Due to concerns that plan sponsors and recordkeepers would be unable to comply with the mandatory Roth catch-up requirement by the original deadline, Notice 2023-62 provided a transition period that delayed the effective date until Jan. 1, 2026 (although, a later effective date may apply for collectively bargained plans).

No FICA Wages, No Roth Mandate. Participants without FICA wages (e.g., partners who have only self-employment income) are not subject to the Roth requirement.

The loan market has grown substantially over the past 20 years to $1.6 trillion in size, now exceeding the high yield bond market in total par outstanding. Concurrent with the growth of the market has been a gradual shift lower in credit quality, when measured using rating agencies as a proxy. Since 2005, the median issuer net leverage in the loan market has increased more than in the high yield bond market. As a result, while the high yield market has “high-graded” in recent years, the average quality in the loan market has shifted from previously a BB oriented market to a segment that is more single-B focused.