Episode 344: More Lawyer Stuff And Some Ins And Outs Of ETFs, Extended Duration Treasuries And Gold Funds
Jun 6, 2024
32:26
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Topics discussed include finding a lawyer, extended term bond funds, gold ETFs, and how ETFs are constructed. Insights on specialized legal representation, performance of VGLT and EDV, various gold ETFs, and differences between ETFs and hedge funds.
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Quick takeaways
Specialized lawyers are crucial for legal matters, focus on individual practice areas for efficiency and expertise.
Long-term bond funds like VGLT and EDV offer diversification, volatility control, and leveraged exposure in portfolios.
Deep dives
Finding a Lawyer for Business and Affairs
When looking for a lawyer specialized in areas like estate planning, trust, wills, or malpractice cases, it is crucial to seek out individuals who focus solely on that particular practice area. Specialized lawyers are highly efficient and stay updated on the latest changes in their field. For personal matters, individuals are generally advised to seek representation from smaller firms with experienced attorneys. Large law firms often prefer corporate clients, as representing individuals can lead to conflicts of interest. Recommendations from other professionals and word-of-mouth referrals can be valuable in finding the right lawyer.
Comparing Long-term Bond Funds VGLT and EDV
Long-term bond funds like VGLT with 10 to 20-year bonds and EDV with 20 to 30-year bonds play essential roles in portfolios due to their diversification and volatility aspects during economic crises. Investments in longer-duration bonds like EDV provide a leveraged exposure compared to standard long-term bond funds. While these funds amplify gains or losses, they can add overall portfolio volatility. Understanding the impact of these funds and their suitability within a portfolio context is crucial for investors.
ETF Mechanics and Blow-up Risks
ETFs operate differently from hedge funds or closed-end funds, maintaining close alignment with their underlying asset values. Authorized participants play a key role in ensuring an ETF's liquidity and stability, reducing the likelihood of significant discounts on the exchange. Unlike hedge funds, ETFs are more efficient and less prone to blow-up risks due to their innovative fund structure. Understanding the technology behind ETFs and their design as modern fund structures helps investors grasp their reliability and functionality in investment portfolios.
In this episode we answer emails from Dr. Anonymous, Lance, John and Eli. We discuss how to find a lawyer, extended term bond funds, gold ETFs and how ETFs are constructed.