https://www.ancient-origins.net/myths-legends/mythic-scheria-and-legendary-phaeacians-001034

Scheria is a mythical place in ancient Greek mythology that was the home of the legendary and mysterious Phaeacians, who were known to be masters of the seas. The first reference to this place is found in Homer’s Odyssey.
If we start with the etymology of the word Phaeacians, we will see that the first part ‘Phaios’ means ‘Grey’, probably referring to them as dark skin people. According to Homer, the kings of the Phaeacians where ancestors of the God Poseidon and started with one of his sons, Phaeax.
Phaeacians were the beloved of the Gods but also friends to humans. Their place of abode was initially mentioned to be far away at the end of the world. They were relatives to the Gods in the same way as Cyclopes and Giants were too. When Cyclopes attacked the Phaeacians then they had to move to Scheria the ‘island of the Phaeacians’, which was probably an island of unknown location (I say probably because Homer doesn’t clarify if it was an island or a place next to the sea).
The island of the Phaeacians was the last destination of Odysseus before arriving to Ithaca. Therefore, we could assume that it could be a place close to Ithaca. That assumption gave birth to the suggestion that the island of the Phaeacians was the Greek island Corfu. Corfu is one island close to Ithaca and it matches the description of Scheria in the Odyssey. However, no excavations have brought to the surface any evidence for the mythical civilization of the Phaeacians. Furthermore, the island is so close to Ithaca that it wouldn’t have taken one night for Odysseus to arrive, as written in the Odyssey.

I'm trying to imagine the meeting where someone said
"I know. We'll call ourselves Phaeacian!"
And everyone says
"Yeah. That's a great idea!"

There has never been an out-of-stock situation for the US Savings Bonds. Limits are per account. So sales of I-Bonds have ballooned to about 10x, but that is still only low double-digit billions, but Uncle Sam needs/borrows trillions (-:).
It is not $10 K that I think about, but I look at it like $356 now, or $481 soon, of free money found on sidewalk every 6 months. Do I pick it up? Yes. I am a sucker for free coffee too at banks etc, but unfortunately, they found an excuse to do away with those citing Covid risks.
Gifting among close family members & friends is a loophole when one person has lot of spare money but others don't. Then, gifting allows that one person to sort of tap into all those other limits that go away annually (i.e. the limits don't carryover). But one cannot have own cake and eat it too. See details here, https://ybbpersonalfinance.proboards.com/post/577/thread

They really need to up the maximum $$$ an individual can buy. $10K is a lot to some, chump change to others. If I could load up a hefty slug at these rates, I'd be quite happy. Not sure it's worth the hassle of maintaining another account for 'just' 10K/yr.

Wow. That’s a hellofa rate. Traveling. Will digest when back home.
ISTM other sectors of the lending market will need to adjust. Less than sterling borrowers (lower rated and junk) should have to pay a very high rate. In fact, wonder if this will have a dampening effect on the economy?
The qualifier here is the $10,000 maximum. But, if enough people buy these it could still have an impact. The nearest thing I can remember is back in the 70s or 80s when you could earn 15-20% in some money market funds. Of course money funds today are a lot more restricted in the credit they own.

If you Can...by William Bernstein:

Would you believe me if I told you that there’s an investment strategy that a seven-year-old could
understand, will take you fifteen minutes of work per year, outperform 90 percent of finance
professionals in the long run, and make you a millionaire over time?
Well, it is true, and here it is: Start by saving 15 percent of your salary at age 25 into a 401(k) plan,
an IRA, or a taxable account (or all three). Put equal amounts of that 15 percent into just three
different mutual funds:
A U.S. total stock market index fund
An international total stock market index fund
A U.S. total bond market index fund.
Over time, the three funds will grow at different rates, so once per year you’ll adjust their amounts so
that they’re again equal. (That’s the fifteen minutes per year, assuming you’ve enrolled in an
automatic savings plan.)
That’s it; if you can follow this simple recipe throughout your working career, you will almost
certainly beat out most professional investors. More importantly, you’ll likely accumulate enough
savings to retire comfortably.

How Millennials Can Get Rich Slowly
First Reading Assignment (From William Bernstein):
the millionaire-next-door

Sorry to see these two go. International Value still has a strong long-term record--3, 5 and 10 years. Key man risk I imagine. As for a pronounceable name, well, isn't that like an American saying at a shop overseas, "What's this in real money?"

Media is catching on too. https://www.wsj.com/articles/the-safe-investment-that-will-soon-yield-almost-10-11649769505

For March 2022 I-Bonds, you will get the current 7.12% for 6 months (so, to September 2022), then the new rate.

Thanks @wxman213 for a thoughtful post. Somewhat echos my comments this morning in Larry’s “Teach your children well” thread.
I don’t think there’s only one way to invest. But your post does help explain why a few of us haven’t dumped our bond funds and climbed on board the commodities bandwagon after its been rolling downhill (uphill?) for longer than a year.

Thanks @wxman123. I hope you are right.
The author definitely leaves this open to interpretation. I interpret what this says as we "may" be starting into a prolonged inflationary rising-rate environment like maybe the 60's-70's. I don't take that as a good buying opportunity for total return when what you show is that trends tend to last 10-20 years. As an older guy, I do hope you are right though. It would be nice if bond funds continued to playout as a good diversification role in a portfolio with returns in the 4-6% range again and not a weight that continues to be just a slow(er) money loss than equities.
from the article:

Inflation picked up in the 1960s and rates followed its lead. Prices spiked even higher in the 1970s and inflation didn’t let
up until the Fed raised rates to more than 20% by the early-1980s. That bear market lasted more than 20 years.
Is this the end? Is the four-decade bond bull market over? Should investors prepare for a bear market in bonds?
I’m not smart enough to know these answers, but I thought it would be helpful to look at what happened the last time
bonds were in a sustained rising rate environment.

Based on the CPI-U data released this morning (4/12/22), & the 6-month CPI-U change from September 2021 to March 2022, the inflation adjustment for I-Bonds from 5/1/22 – 10/31/22 should be 4.81%.
If the fixed rate is maintained at 0%, then the new I-Bond rate from 5/1/22 – 10/31/22 should be 9.62%; higher (unlikely) if the fixed rate is bumped up.
https://ybbpersonalfinance.proboards.com/post/578/thread

Good post. My underlying philosophy says that selling when something is down “locks in” a loss and rules out benefiting from eventual reversion to mean. I almost never do that unless I’ve made a relatively recent misstep and decide to reverse course to limit losses and get out of an unwanted position.
Admittedly, Bogle’s reversion to mean may not hold water when it comes to longer dated bonds. But I’m betting that for many segments of the bond market (short, intermediate, high yield) there will ultimately be some reversion to mean - perhaps a somewhat higher (interest rate) mean. To that, I suggest there’s more than one way to value a bond / bond fund. Relation to inflation and other assets ought to be considered - and perhaps their overall impact on one’s portfolio volatility if that’s important to you. David Giroux in this year’s Barron’s Roundtable offered to bet anyone present that the 10-year would finish the year below 2.5%. There were no takers. I think he’s correct. Time will tell.
Bloomberg’s hyping the 10 year at around 2.85% early this morning. More money will rush out. Some to cash and some into equities and commodities ... The year is less than 4 months old. Imagine a fund manager making massive portfolio changes or a business CEO rolling out a new business plan every 3-4 months.

Any of you help your adult kids with their investments? Sometimes it’s a challenge to put my 72 year old mind in the place of a 30 year old accumulator. Happily my kid can max her 401K and she let me pick the funds. My eyes lit up when I saw she could get PRIMECAP Admiral shares with no minimum and I set that at 90% allocation. The remaining 10% went to Total Bond. Six years later I don’t know that she ever looks at it. So today I sent her a Text message gently suggesting she sell the bond fund and replace it with a stable value fund. I explained that her bond fund was likely to do poorly for the near future. Immediately she called me,,,, something doesn’t happen too often, and she read me the riot act. “ Dad,,,, you taught me I was investing for 35 years from now and not to look at it too much and just keep investing.” She told me she didn’t want to make any change and it would be fine. I was shocked. I had unwittingly raised a BOGLEHEAD. I had no idea until today.

Have never had any interest (pun intended) in these due to low maximum. Often wondered why the max was so low… here’s a few links that explain the reasoning. Not sure it’s a good explanation but…
https://www.forbes.com/2010/02/25/i-bonds-purchase-limits-tips-personal-finance-bogleheads-view-lindauer.html?sh=54071b7252b8
“ Here's how the Treasury tried to explain the lowering of the annual purchase limits when it announced on Dec. 3, 2007 that the new limits were to take effect on Jan, 1, 2008: "The reduction from the $30,000 annual limit in effect for both series since 2003 was made to refocus the savings bond program on its original purpose of making these non-marketable Treasury securities available to individuals with relatively small sums to invest."” <—- those with small sums have always been able to invest.
How to increase past the 10k/15k
https://www.freep.com/story/money/personal-finance/susan-tompor/2021/12/21/savers-can-rush-make-year-end-move-put-more-money-bonds/6500031001/
https://www.thebalance.com/what-are-the-series-i-savings-bond-annual-purchase-limits-357550

These used to be FPA funds. 3 managers from FPA split in November 2020 from FPA and took their funds to a new partnership/joint-venture called Phaeacian Partners with the UK's Polar Capital (55% owner). I am surprised about the liquidations so soon.
https://www.barrons.com/articles/why-a-top-international-value-fund-has-a-new-name-but-same-strategy-51605715976
https://www.phaeacianpartners.com/

https://www.sec.gov/Archives/edgar/data/1806095/000119312522101665/d250292d497.htm
(Both funds were previously FPA funds)
497 1 d250292d497.htm 497
DATUM ONE SERIES TRUST
Phaeacian Accent International Value Fund
Phaeacian Global Value Fund
Supplement dated April 11, 2022
to the Prospectus and Statement of Additional Information dated July 29, 2021
The Board of Trustees (the “Board”) of Datum One Series Trust has approved the liquidation and termination of the Phaeacian Accent International Value Fund and the Phaeacian Global Value Fund (each a “Fund” together the “Funds”). The Board approved the liquidation pursuant to the provisions of the Trust’s Amended and Restated Declaration of Trust after making a determination that the continuation of each Fund is not in the best interest of such Fund or in the best interest of the Fund’s respective shareholders.
Effective April 12, 2022, shares of the Funds will no longer be available for purchase by new or existing investors. The liquidation of the Funds is scheduled to take place on or about May 26, 2022 (the “Liquidation Date”).
On or before the Liquidation Date, each Fund will seek to convert substantially all of its respective portfolio securities and other assets to cash or cash equivalents. Therefore, each Fund may depart from its stated investment objectives and policies as it prepares to liquidate its assets and distribute them to shareholders. Any shares of a Fund outstanding on the Liquidation Date will be automatically redeemed on that date. As soon as practicable after the Liquidation Date, each Fund will distribute pro rata to the Fund’s shareholders of record as of the close of business on the Liquidation Date all of the remaining assets of such Fund, after paying, or setting aside the amount to pay, any expenses and liabilities of the Fund. At any time prior to the Liquidation Date shareholders may redeem their shares of a Fund pursuant to the procedures set forth under “How to Redeem Shares” in the Funds’ Prospectus.
The Funds may each make one or more distributions of income and/or net capital gains on or prior to the Liquidation Date in order to eliminate Fund-level taxes. For taxable shareholders, the automatic redemption on the Liquidation Date generally will be treated like other redemptions of shares generally, that is, as a sale by the shareholder that may result in a gain or loss to the shareholder for U.S. federal income tax purposes.
This Supplement and the Prospectus should be retained for future reference.

I will tell you for sure @catch22, if I was handed a 1/2 million dollars at 70 years old to supplement my retirement days, I personally would not seek financial opinions from a posting board. I would go straight to a financial advisor.
Obviously there are a few, if not more than a few posters here that are more than capable of giving good fund-investment advice (yes-also known as opinions). That group very much includes yourself. But none can set up an individualized plan for this couple for the rest of their lives. None can tell them how to set up their investments which seems to include both taxable and non-taxable savings, real estate, a business, SS and maybe more. None of us understands their goals and time horizon, how to safely spend down, where to pull income and in what investment order to divest, how to reduce their tax exposure, ect, ect, ect...

"not random opinions from a posting board."

Random opinions can be good advice or bad advice. Time will tell which is which.

MikeM +1

10 year up.

CDC, a large value ETF, is one of my favorites:
YTD=5.01%....3Year=20.36%...5Year=14.65%
SD=15.44...Sharpe=1.26...Sortino=2.33
ER=0.36%
SEC Yield=2.91%
Good luck,
Fred