{"id":16830,"date":"2011-10-28T21:53:48","date_gmt":"2011-10-29T01:53:48","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=16830"},"modified":"2011-10-28T21:53:48","modified_gmt":"2011-10-29T01:53:48","slug":"research-security-of-income-vs-security-of-principal","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=16830","title":{"rendered":"Research: Security of Income vs. Security of Principal"},"content":{"rendered":"<p>I have previously decried the practice of <a href=\"http:\/\/www.himivest.com\/media\/PrefsAndGICs_090814A.pdf\">automatic investment in five-year bond ladders<\/a> and touched briefly in that essay on the importance of differentiating security of income from security of principal. In this effort, I delve more deeply into this question \u2013 which is the fundamental consideration in fixed-income portfolio design \u2013 and attempt to explain why security of income is much more important than is usually thought.<\/p>\n<p>Look for the research link!<\/p>\n<div align=\"center\"><a href=\"http:\/\/www.himivest.com\/media\/SecurityIncome.pdf\"><img decoding=\"async\" src=\"http:\/\/www.prefblog.com\/images\/ad_SecurityIncome.jpg\"><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>I have previously decried the practice of automatic investment in five-year bond ladders and touched briefly in that essay on the importance of differentiating security of income from security of principal. In this effort, I &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-16830","post","type-post","status-publish","format-standard","hentry","category-publications"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/16830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16830"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/16830\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}