I Suffer My Uncontrollable Infatuation With BJBHX As It Like ALL Bond Funds Take A Thrashing.

Dec2013x125

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by
Anura Guruge


Related posts:
1/ Uncontrollable Infatuation With BJBHX — Mar. 9, 2013.
2/
Artio Global High Income Mutual Fund (BJBHX):
>>
I Bailed With Regret — Jan. 3, 2013.


Of course I knew it was coming, though despite what the market and my portfolio is telling me, I KNOW that it hasn’t come yet! C’est la vie. The market, by definition, is always right even when it is dead wrong (as it is now). Yes, of course, interests rates will go up. That is a given. But, the current beating that bond funds are taking is too premature. But, that is OK. I always knew, going in, that this period of pain will come. So I am kind of sanguine. I have weathered worse — though I know that I am in for at least another month of pain.


bondfundsJune42013II


bondfundsJune42013I


I am going to stand firm with BJBHX and see how they navigate through this. Their monthly yield, so far, has remained ‘good’. This is why we pay them the BIG bucks. They knew, just like I did, that this day would come. Over the years, and by that I mean since the 2007 meltdown, I have also flirted with Janus’ JAHYX. While JAHYX is not as fecund as BJBHX, it, this always the other side of this risk/reward coin, is more resilient — until now. JAHYX is taking an even bigger beating that BJBHX. That could be good for BJBHX.


Click to ENLARGE. From MarketWatch. JAHYX in red. BJBHX in green. Also note that SOME of that very steep drop in BJBHX represented ex-dividend.

Click to ENLARGE. From MarketWatch. JAHYX in red. BJBHX in green. Also note that SOME of that very steep drop in BJBHX represented ex-dividend.

Again from MarketWatch. A 1 year look. BJBHX vs. JAHYX.

Again from MarketWatch. A 1 year look. BJBHX vs. JAHYX.


In my old age I do not panic as much as I used to when it comes to investing. This was a storm I knew was coming. So I am going to weather it out — hopefully BJBHX will not totally sink me.

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About Anura Guruge

See 'The Blogger' on my https://nhlifefree.com/ blog.

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