<p>They provide a lot of good info on their website. They have a calculator that you can use, and input your likely purchase price, which right now for BSJF is 26.23.(or 26.20 - this stuff moves!) I think BSJF will be liquidated in December 2015.</p>
<p>Weighted Average Yield to Worst 1 5.16%
Price Adjustment 2 -0.15%
= Price Adjusted Weighted Average Yield to Worst 3 5.01%
Expense Ratio -0.42%
Estimated Net Acquisition Yield 4 4.59%</p>
<p>They estimate your return if held to maturity at 4.59% I would expect the market price to gradually converge to the liquidation value. I wouldn’t expect a sharp plunge simply due to the fund maturing. You could of course get a sharp plunge due to market moves.</p>
<p>The holdings in the 2015s have maturities longer than 2 1/2 years…</p>
<p>So… There has to be some interest rate risk along with credit default risk.</p>
<p>This fund has to sell these securities before they mature unless the securities are called away which adds more risk but I guess is in the numbers. </p>
<p>I guess this fund can sell these securites to another one of its funds. There is still interest rate risk. There is still risk that junk bonds fall out of favor. Would you agree NJres?</p>
<p>Cool. But in fairness, there should be a phaseout period. I do think that some property values would decline at the high end and they could go up at the low-end.</p>
<p>She had the interview and she’s set up with them. They will (hopefully) send her temp jobs via email and she will decide whether or not she wants them. So we’ll see. In the meantime, she keeps applying for positions and I keep teaching her stuff.</p>
<p>BTW, one area that I want to teach her is imaging PCs. There’s a fair amount of demand for techs to do imaging, whether it’s for new employees or wholesale migration. I’ve seen lots of job postings and contract work for this this summer. Microsoft is de-supporting Windows XP early next Spring and there are lots of companies migrating this summer. This can mean replacing all of their PCs or upgrading their existing systems.</p>
<p>One thing about teaching skills in tech is in trying to do it without buying commercial software only for training. The Open Source world does make that easier but it can be helpful to have licensed systems available that you didn’t have to pay for.</p>
<p>Do I like it? Well, let’s just say I’m totally out of my league when I read it. But I try since it is, after all, Mike Lipper. If you ever read an issue or two, I’d be interested in your thoughts. He has a very folksy, down to earth writing style that 's enjoyable.</p>
<p>Crude was up this morning on a surprise drop in US inventories.</p>
<p>I wonder where it is going to.</p>
<p>I’ve noticed a lot more traffic on the highways in NH. I’ve even seen a few traffic jams.</p>
<p>A friend has been long CL since the $80s area. He’s lightening up a little here but staying overall long. I added UCO to my real-time charts. Probably too late for a low-risk entry here but it’s nice to be able to watch a $WTIC proxy on daily charts.</p>
<p>BCE, you just took me back to a summer job I had at my dad’s school where I was ghosting entire rooms of computers to clear off all the random pirated crap the students would put on there. I just remember sweltering in these interior classrooms with the AC off (summer) and no windows to open. Probably only slightly less miserable than running cable across the rafters of the giant cafetorium using an enormous ladder. That job was one that solidified my desire to finish a four year degree in engineering. :)</p>
<p>But if home prices go down, shouldn’t the number of people able to buy a house go up? To me this seems like a blatant move by realtors to try and keep house prices inflated so they get a few hundred bucks extra per closing.</p>
<p>Heck, I imagine the whole first time homebuyer thing is a bit of load of crap since first time buyers are more likely to be those in lower cost housing who wouldn’t be taking as much advantage of the deduction anyway.</p>
There is still interest rate risk. There is still risk that junk bonds fall out of favor. Would you agree NJres?</p>