Bonds/Expert Profile


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Doug Ingram

U.S.
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Expertise

Fixed income portfolio allocation and strategies for institutional investors. Having designed multi-scenario risk quantification and cash flow projection models for nearly 25 years, Strategic Technical Initiatives can answer your regulatory, SFAS 115 allocation, securities selection, and other questions dealing with yield curve placement and portfolio mix strategies. I write the Bond Market Review on behalf of Commerce Street Capital Management.

Experience in the area

Trading and designing portfolio strategies since 1980.

Education/Credentials

Physics and Differential Mathematics

What do you like about this subject?

Controling risk while maximizing return is a never ending battle. No one has a perfect portfolio, and unlike equities, bonds are always on a path towards maturity and riding on a dynamic yield and spread curve. Small changes like reallocation through bond swaps or portfolio mix can enhance income and improve overall performance.

Something interesting about this subject that others may not know:

Short portfolios are NOT conservative. The short portfolio is speculating that interest rates will rise. The long portfolio is speculating that rates will fall. The key for portfolio managers is to establish investment parameters that accomplish the goals and objectives of the entire operation.

Something controversial or provocative about this subject

CMOs and derivatives are not dangerous. Not understanding the risk, reward, and cash flow attributes of what you purchase IS!

Average Ratings

  • Knowledgeability 9.81
  • Clarity of Response 9.86
  • Politeness 9.95
  • Response Time(hr) 37.0
  • Response Time(hr, last 90 days) 66.2
  • Number of Questions Today 0
  • Max Questions to be Asked in a Day 2
  • Total Questions (since joining AllExperts) 418
  • Volunteer Since 2000-10-22
  • Prestige Points 2990

Recent Reviews from Users

Read More Comments

    K = Knowledgeability    C = Clarity of Response    P = Politeness
UserDateKCPComments
Sonia12/09/11101010Thank you Sir!
Harry10/30/11101010 
John07/23/11101010Thank You!
Michael06/18/11101010 
lee04/26/11101010Thanks for the info and advice.

Recent Answers from Doug Ingram

2011-11-18 Negative Yield Curve:

There is not a single answer.  However, negative yield curves usually occur before recessions.    In the mid 2000s, the Fed kept raising rates to slow the housing bubble, but investors kept long rates

2011-10-27 Bond Spreads:

The spread is usually the difference in yield between the safest rate and the bond you are buying.    If a 10-year Treasury (usually assumed to be the safest rate) is yielding 2.25%, an investor would

2011-07-12 bond:

'I bond' is a generic name for inflation-indexed bonds.  Rates are very low right now, and the person was making the point that bonds with inflation protection would return more than those without.   

2011-06-14 high yield bond funds:

There are many risks, and probably more than I can cover.    Obviously, you have the primary risk from high-yield.  The company pays a higher yield because there is at least a question as to its ability

2011-04-26 IRA bond funds vs regular:

Lee,    It depends upon many other factors, but first I will tell you this is not a bond question, but rather one for an accountant!    The IRA won't help you with current income (if you need it), but

 

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