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The Young Person's Defined Liability Portfolio: Funding My Air Conditioner With High Yield Defined Maturity ETFs

Published Fri, 09 Nov 2018 09:28:19 -0500 on Seeking Alpha

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Short-Term Goals on the Way to Long-Term Success I recently had my air conditioning system inspected. As the technician and I stood atop my roof regarding my condenser, he took on the aspect of a veterinarian examining a beloved pet whose future he knows to be certain and short. "I think you've got one, maybe two summers left in it … one day, it's just going to go," he said gently, and then in a more businesslike tone, "At which point we can get you a replacement."
Surveying the condenser for a moment and accepting its approaching mortality, I asked how much the replacement might cost. The answer made me wince, and I knew I had to make some tweaks to my portfolio.
When we think of defined liabilities, we usually think of retirement. From fresh hires getting their first 401(k)s to municipalities struggling under the weight of pension obligations, retirement is the distant goal we spend serious time contemplating and planning for, in the hopes that our portfolio can eventually support the transition.
But in the meantime, life beckons! Those of us in our 20s and 30s certainly hope to retire one day, but in the preceding decades there are... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
SPDR BARCLAYS CAPITAL HIGH YIELD BOND ETF 36.16   0.0 0.00 2.02 5.59
ISHARES IBOXX $ HIGH YIELD CORPORATE BOND FUND 86.71   0.0 0.00 4.59 5.30

SPDR BARCLAYS CAPITAL HIGH YIELD BOND ETF - JNK
SPDR BARCLAYS CAPITAL HIGH YIELD BOND ETF - JNK  


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