Tuesday, March 18, 2008

Quick Note on BWX

5 months in, BWX is up 13%. The Dow Jones Industrial Average is down about as much, and a 5% savings account would have given us 2% -- actually less, because nobody's been paying 5% for months. So, we'll do a fuller review at six months, but I bring it up because there's a problem.

BWX is a Lehman Brothers ETF tracking a basket of foreign treasury bonds. Lehman might not last the week. What'll happen to my ETF?

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