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Wednesday, February 29, 2012
26 states seek relief from education law (AP)
[unable to retrieve full-text content]AP - More than half of all states applied by this week's new deadline to be freed from the most strenuous requirements of the Bush-era No Child Left Behind law, the Education Department said Wednesday.
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Source: http://elliottads.com/?p=337
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Tuesday, February 28, 2012
HTC One V: we go hands-on (video)
And here's the littlest addition to HTC's bid for mobile world domination -- the HTC One V. Well, at least the hardware's here. Unfortunately, we weren't unable to take the OS for a spin, but we did manage to give the hardware a tour. Our impressions on the retro-chic handset after the break, alongside a short-but-sweet video.
Continue reading HTC One V: we go hands-on (video)
HTC One V: we go hands-on (video) originally appeared on Engadget on Sun, 26 Feb 2012 19:12:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | CommentsSource: http://www.engadget.com/2012/02/26/htc-one-v-we-go-hands-on-video/
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London Olympics 2012: Ethiopia's former world marathan record holder Haile Gebrselassie could miss Games
[unable to retrieve full-text content]
Source: www.telegraph.co.uk --- Sunday, February 26, 2012
Haile Gebrselassie finished fourth in Sunday's Tokyo Marathon and is danger of failing to qualify for the London Olympics. ...
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Monday, February 27, 2012
Orthopedic Foot and Ankle Center ? OFAC Health & Fitness ...
February 26, 2012
Challenge #9- Grab your Yoga Mat
Yoga has been practiced for more than 5,000 years. Not only is yoga considered therapeutic by connecting the mind, body and spirit, but there are also several benefits to practicing yoga including enabling you to develop your flexibility, strength, and balance while feeling more fit and energetic. See a comprehensive list here of all the benefits.
This week?s challenge is find a yoga studio and participate in a class. Choose any type of yoga class you would like; challenge yourself to take a different type of class if you frequently do yoga in your normal fitness routine. A point will be awarded for challengers who complete the class and post a picture on the OFAC Facebook page.
Great news for Columbus Challengers! We are lucky to be working closely with a great studio in Westerville, The Yoga Factory and Fitness Studio. They are giving us a special deal that will be available through April 1 for all OFAC Health & Fitness Challengers. You can drop in for any yoga class, mention you are with the OFAC Health & Fitness Challenge, and we will be charged a discounted class fee of $10 (usually $15 for drop in class). Thank you Jud from the Yoga Factory. See their weekly class schedule here.
Namaste
Source: http://www.orthofootankle.com/2012/02/ofac-health-fitness-challenge-9/
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Sunday, February 26, 2012
New Adventure Park Series Pets and Quests! | WKN: Webkinz Newz
Get ready because 4 new pets are coming to Adventure Park!? Beginning on Wednesday, February 29th the Pinto, Caramel Lion, Pink & White Cat and the Bengal Tiger will have their very own Pet Specific Quests in Adventure Park!
Here?s a sneak peek at some brand new prizes to be won!
Prizes shown (clockwise from top left): the Cloudy Scroll Display, the Fish King Rules Banner, ?the?Jellyfish Table Lamp, and the Presentable Dubloon!
Adopt an Adventure Park Series Pet and join the Adventure!
Win bonus Adventure Park Digs on Webkinz Newz!
Win Exclusive Adventure Park Outfits!
Learn more about Adventure Park!
This entry was posted in Coming Soon and tagged Adventure Park, Sneak Peek. Bookmark the permalink.Source: http://webkinznewz.ganzworld.com/new-adventure-park-series-pets-and-quests/
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Saturday, February 25, 2012
Mild drought 'caused Maya fall'
23 February 2012
Last updated at 18:46 ET
Relatively mild drought conditions may have been enough to cause the collapse of the Classic Maya civilisation, which flourished until about AD950 in what is now southern Mexico and Guatemala.
Scientists have long thought that severe drought caused its collapse.
But Mexican and British researchers now think that a sustained drop in rainfall of only 25-40% was enough to exhaust seasonal water supplies in the region.
The findings were published in the journal Science.
The research was conducted by the Yucatan Centre for Scientific Research in southern Mexico and the University of Southampton in the UK.
Scientists used advanced modelling techniques to estimate rainfall and evaporation rates between AD800 and 950, when the classic Maya civilisation went into sharp decline.
They found that a relatively modest decline in rainfall was enough to deplete freshwater storage systems in the Yucatan lowlands, where there are no rivers.
Future warning?"These reductions amount to only 25 to 40% in annual rainfall, but they were large enough for evaporation to become dominant over rainfall, and open water was rapidly reduced," Professor Eelco Rohling of Southampton University told the Press Association.
"Societal disruptions and abandonment of cities are likely consequences of critical water shortages, especially because there seems to have been a rapid repetition of multi-year droughts," he added.
The reconstructed droughts are similar in extent to some predictions for the near future of the same region as a result of climate change.
"There are differences too, but the warning is clear - what seems like a minor reduction in water availability may lead to important, long-lasting problems," Professor Martin Medina-Elizalde said.
"The problem is not unique to the Yucatan Peninsula, but applies to all regions in similar settings where evaporation is high," he added.
Archaeologists have long been intrigued by the collapse of the Classic Maya civilisation, which flourished for around six centuries and developed sophisticated architecture, mathematics and culture.
Other studies have variously blamed social unrest, disease and deforestation for its demise.
Source: http://www.bbc.co.uk/go/rss/int/news/-/news/world-latin-america-17149812
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Canucks end Wings' NHL-record home win streak
Vancouver Canucks right wing Alex Burrows (14) scores the winning goal against the Detroit Red Wings goalie Jimmy Howard (35) in a shootout during an NHL hockey game in Detroit, Thursday, Feb. 23, 2012. Vancouver 4-3. (AP Photo/Paul Sancya)
Vancouver Canucks right wing Alex Burrows (14) scores the winning goal against the Detroit Red Wings goalie Jimmy Howard (35) in a shootout during an NHL hockey game in Detroit, Thursday, Feb. 23, 2012. Vancouver 4-3. (AP Photo/Paul Sancya)
Vancouver Canucks right wing Alex Burrows (14) and goalie Roberto Luongo are mobbed by teammates after Burrows scored the winning goal in a shootout against the Detroit Red Wings in an NHL hockey game in Detroit, Thursday, Feb. 23, 2012. Vancouver won 4-3. (AP Photo/Paul Sancya)
Detroit Red Wings left wing Justin Abdelkader (8) skates past Vancouver Canucks defenseman Sami Salo (6), of Finland, in the first period of an NHL hockey game in Detroit, Thursday, Feb. 23, 2012. (AP Photo/Paul Sancya)
Detroit Red Wings defenseman Kyle Quincey is checked by Vancouver Canucks defenseman Dan Hamhuis (2) in the first period of an NHL hockey game in Detroit, Thursday, Feb. 23, 2012. (AP Photo/Paul Sancya)
Detroit Red Wings center Darren Helm celebrates his goal against the Vancouver Canucks in the first period of an NHL hockey game in Detroit, Thursday, Feb. 23, 2012. (AP Photo/Paul Sancya)
DETROIT (AP) ? The Detroit Red Wings took advantage of the shootout to win three times during their NHL-record, 23-game home winning streak.
Detroit's good fortune in the one-on-one duels ran out and its run ended against the Vancouver Canucks.
Alex Burrows scored the only goal in a shootout, which was made possible when Daniel Sedin scored his second goal of the game with 15.4 seconds left in regulation, to lift Vancouver to a 4-3 win over the Red Wings to snap their streak that lasted three-plus months.
"It's disappointing it had to end like this," Detroit's Justin Abdelkader said.
Detroit hadn't lost at Joe Louis Arena since Nov. 3 against Calgary, breaking the previous single-season mark of 20 shared by the 1929-30 Boston Bruins and 1975-76 Philadelphia Flyers.
"It's nice that we're the team that ended the streak," said Burrows, who lifted a backhander over Jimmy Howard when he went low. "It's remarkable to win that many games in a row on home ice."
The Red Wings extended their run at home with three wins in shootouts ? a way to break ties that wasn't possible before the 2005-06 season ? but their coach said that didn't diminish the feat.
"I don't care what era, it was just a real good run for the Red Wings that set us up in a good situation playoff-wise," Mike Babcock said.
The NHL-leading Red Wings hold a one-point lead over Vancouver in the Western Conference. The Canucks have won a league-high 21 games on the road this season.
A sold-out crowd stood during the shootout, which started with Roberto Luongo stopping Jiri Hudler's shot and Howard going low to smother David Booth's attempt.
Henrik Zetterberg missed the net on Detroit's second attempt and Alexander Edler was denied on the ensuing opportunity.
Todd Bertuzzi, who signed a two-year extension with the Red Wings earlier in the day, couldn't put his team ahead and Burrows took advantage of a chance to end the game ? and the streak.
"It was an intense game with a playoff atmosphere," Luongo said.
Luongo made 33 saves and Howard had 40.
Detroit was 16 seconds from getting the win in regulation, but the Canucks pulled Luongo to have an extra skater in the Red Wings' end for a faceoff.
On the next sequence, Sedin took a slap shot from the slot that Howard never saw after his teammates failed to clear the puck when it was behind the net.
"We wanted to prove we could beat them on the road," Sedin said. "It was a good pass and a good screen in front of the goalie."
Abdelkader scored with 6:14 left in the third period to give Detroit a 3-2 lead ? 20 seconds after Vancouver's Cody Hodgson tied the game.
Newly acquired defenseman Kyle Quincey scored to put Detroit ahead 6:05 into the third period and Darren Helm had a goal 11:16 into the game to give the Red Wings a 1-0 lead.
The Canucks refused to let the Red Wings get comfortable with the lead all night.
Sedin tied it at 1 at 13:34 of the second and Hodgson tied it again, getting credit for a goal that went in off the right skate of Detroit defenseman Niklas Kronwall.
Detroit led 1-0 after the first period despite being outplayed.
Vancouver outshot the Red Wings 17-5 in the first, but defenseman Kevin Bieksa had the puck poked away by Helm and his fluttering wrist shot got past Luongo at 11:16.
Detroit didn't do much with three power plays in the first, going scoreless and getting only one shot combined with an extra skater.
"We got skated into the ground in the first period," Babcock said. "They played better for longer than us and they won the game."
The Red Wings looked out of sync, missing playmaking center Pavel Datsyuk for a second game. Datsyuk, the team's leading scorer, is expected to be out for two weeks after having right knee surgery Tuesday.
"The best player in the world, any time he goes out, you're going to miss him," Abdelkader said. "It's a big void."
Sedin tied the game at 1 at 13:34 of the second.
Detroit outshot the Canucks 15-8 in the second period, but had nothing to show for it.
The Red Wings created more chances in the third period, especially when Abdelkader swiped at a puck in the crease that Luongo didn't cover, but they couldn't find a way to win again in the Motor City.
"For us to come in here and play well and show that we can beat them means a lot," Burrows said. "But there's a lot of work ahead and if we face them in the playoffs, it will start 0-0."
NOTES: Bertuzzi, a former Canucks forward, signed a two-year deal worth just more than $4 million. ... Vancouver tied the series at 2 in the final scheduled game against Detroit. ... Quincey played in the first game of his second stint with the Red Wings, who drafted him in 2003. They acquired Quincey for a first-round pick and prospect Sebastien Piche from Tampa Bay on Tuesday in a three-team trade with Colorado.
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Friday, February 24, 2012
Video: Did ex-AG try use scuba trial for political gain?
Sorry, Readability was unable to parse this page for content.
Source: http://www.msnbc.msn.com/id/21134540/vp/46510884#46510884
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Copter crash one of Marines' deadliest in years (AP)
[unable to retrieve full-text content]AP - A collision that killed seven Marines in one of the Marine Corps' deadliest aviation training accidents in years occurred over a sprawling desert range favored by the U.S. military because its craggy mountains and hot, dusty conditions are similar to Afghanistan's harsh environment.
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Thursday, February 23, 2012
Who Makes You Smile? SWEEPSTAKES ALERT! ? Here and There ...
Right now I am going through some 500 odd pictures I took during my recent trip to the West Coast for the perfect shot?the beautiful smile. ?It could win me the grand prize, all expense paid trip for two to New York City, $1,000 in cash, and a photo session . ?If not, at least, it will be eligible for a daily prize and a chance to win a teeth-whitening smile makeover.
Too many people are embarrassed about showing some teeth. ?When Little Red Riding Hood said, ?Grandma, what big teeth you have!?, the young innocent meant it as a compliment. ?I thank my parents for the great dental care I got from the time I was a toddler.
Sure I had braces once upon a time. ?I accept the reality of root canals and crowns.?No false teeth, bridges or implants for this lucky lady. ?Yes, I have experienced clean, polish, fill, even pull. However, eating habits, daily brushings, and regular checkups left me ?a full mouth of teeth.
Who makes me smile?
First response: ??My family. ?Hubby, our kids, and our grandbabies.?
Less obvious one: ?My Top Dentist. ?I absolutely have to give him credit.
Now do I have something to share with you, my readers. ?It is a photo contest from now through February 24, 2012, with winners announced March 16. ?For details go to http://www.topdentists.com.
This is all you have to do.
- Find a picture of who makes you smile.
- Upload it digitally.
- Tag it in 140 characters or less.
- Tweet, facebook, blog, email, and talk it up to spread the word.
- Or, if you aren?t entering, please vote for my entry.
Cosmetic dentistry can make someone feel beautiful outside and let the inner shine through.Too many people are embarrassed about showing some teeth. ?When Little Red Riding Hood said, ?Grandma, what big teeth you have!?, the young innocent meant it as a compliment. ?I thank my parents for the great dental care I got from the time I was a toddler.
No false teeth, bridges or implants for this lucky lady. ?Good eating habits, daily brushings, and regular checkups left me with a full mouth of teeth. ?Sure I had braces once upon a time. ?Yes, I have experienced clean, polish, fill, even pull. ?I accept the reality of root canals, crowns, and whitening.
Sorry, Top Doc that I can?t submit your photo as I do not have one. ?Besides, the princess?who I carry in my heart everywhere, everyday is prettier by far. ?I told her it was happy tears when we said goodbye. (Note this comes from a very partial grandma who loves all of them equally but differently. ?The others just won?t let me take their pictures nicely.)
This is a sponsored post. I received monetary compensation for publishing the above information on this family friendly company or product. My opinions are my own and have not been effected by the sponsor or compensation.
Source: http://hereandthere.us/index.php/2012/who-makes-you-smile-sweepstakes-alert/
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North Carolina Internet Marketer Will Robinson Launches Home ...
Social Buttons by Linksku
In response to friends questions about home internet businesses, internet marketing and social networking online. Home Internet Business Job?s owner Will Robinson decided to put up a website and blog that would answer some of those important questions. The platform allow seekers to leave comments and feedback that would be helpful to Home Internet Business Jobs and it?s users. The new site provides free and premium internet marketing tools. That could get newbie business owners up and running in no time at all.
Wilmington, NC February 22, 2012 Home Internet Business Jobs proudly announces new website and blog. This site will help home internet business seekers make an economically safe choice when choosing an internet business online.
The website will provide free solutions and tools as well as premium tool. This will help newbie and experience business owners to build their business beyond their wildest dreams.
Although, not included on the site other marketing strategies and services will be provided upon demand. HIB Jobs wants to help its clients to engage potential consumers so that they can not only make positive contact with them, but also to turn that contact into lifelong customers.
?We believe at HIB Jobs that your first experience online in business should be a good one. Our goal is to get business seekers up and running the right way the first. It is also to keep them up and running forever,? said Jobs Wilmington, head of ? Home Internet Business Jobs.
?Our desire is to help them to avoid some of those pitfalls that have discouraged so many in this industry. I think it is important for our clients to realize that working smart and making things simple is essential. Business just doesn?t have to be hard and complicated,? he added.
He said their team is currently discussing plans for future enhancements, including a new online chat feature, video show and a podcast series.
Home Internet Business Jobs Wilmington, NC specializes in giving you the right information to optimize your success in your online business. The company is headquartered at Wilmington, NC and member and owner can be reached during normal business hours at 910-443-7142.
Social media contact info:
http://www.twitter.com/willbfree1
https://www.facebook.com/pages/Home-Internet-Business-Jobs/130010693683707
http://friendfeed.com/willbfree1
http://www.homeinternetbusinessjobs.com
Related posts:
- Is Cash Making Potential By Discovering And Doing Jobs From House?
- Home Based Business Canada
- Business Opportunity: Start Earning Money for Your Opinions Today!
- Truck Using Jobs ? Beginning Out
- Newsblaze: The Alternative Source For Internet News Seekers!
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Tuesday, February 21, 2012
Samsung Galaxy Note Lightning Review: Wait, Who Ordered This? [Video]
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First Time In India: Education Loan Approval ... - Special Education
Credila Financial Services, an HDFC Ltd. Venture, is a specialized education loan lender. Credila announces a unique benefit to the students who plans to pursue higher studies in the USA. Credila will, underwrite the education loan application file and problem education loan Approval letters to the credit- worthy students even prior to their admission to the US Universities.
?Credila?s education loan approval prior to admission to the USA is the first ever in India!?, said Prashant A. Bhonsle, Country Head of Credila Financial Services. He continued to say, ?Unless students demonstrate the sources of funds, the US Universities don?t give I-20 to the students. With Credila?s education loan approval letters, thousands of creditworthy students from India, now, will be able to fulfill their dreams of higher education in the USA?.
The Catch-22 Dilemma of US Bound Indian Students: There are severe restrictions that are based on The US Federal Immigration laws and policies on funds that an Indian student can receive at U.S. universities. Matter of reality, universities will not confirm admission unless students can demonstrate their capability to bear the price of an American Education.
American Education and the I20
An US University can conditionally admit the student for a specific course based on different parameters, ranging from Standardized Test Scores (GRE, GMAT, etc) to Leadership Qualities. However, it does not release the official document confirming a students? admission until and unless the student is able to demonstrate financial capability to pay for the 1st year of the course and continued funds to support the remaining years of education.
This official document of admission, also referred to as the Form I20, is in truth a legal document tied to US Immigration Services. The I20 is not only the only proof of secured admission but also forms the basis of that student?s US student visa claim and attempt to enter the US for education. In a nutshell, if you don?t have an I20, you don?t go to the US for education.
Obtaining the I20
Demonstrating financial capacity can be tricky, specially since only a couple of forms of documentary evidence are accepted by the US University. A typical Indian student has limited possibilities ? receive funding from the university in form of scholarships, waivers, etc that are very hard to secure OR document family funds OR obtain an education loan. ?Credila loan approval letter was 1 of the essential financial docs which I was holding to get I20?, said Suraj T., studying in SUNY at Buffalo, USA. Yet another student Ajin N. who obtained education loan from Credila and studying in University of Illinois at Chicago, USA said, ?Credila gave me the liquidity to go ahead with the fees payment.? So the embassy was happy with loan approval letter and the way of funding for my course?.
The Chicken-Egg Syndrome
Indian Students that plan on obtaining an education loan to fund their US studies face a typical ?Chicken-Egg? syndrome every single year: The US University requires proof of assured funds to confirm the admission and release the I20 Indian banks do not Approval or authorize education loans until the student has confirmed admission and received the I20. So what comes first?the I20 or the bank loan authorization? Chicken or Egg?
This limitation of Indian Banks put a severe damper on numerous qualified students that plan on obtaining the I20 and funding their American education via loans. Sadly some students, out of sheer desperation, resort to unethical measures to forge such documentation which makes things worse overall. Mr. Richard Yam, Foreign Student Advisor at the University of Massachusetts, Amherst notes ?We see a lot of loan approval letters that prospective students from all over the world send to us to document proof of funds. [But] I do not believe I have seen anything [similar] from India.? This is echoed by Mr. Hrayr Tamzarian, Asst. Dean of International Admissions at Smith College, a extremely selective private undergraduate college near Boston??We usually accept loan letters [for I20 sponsorship] as we are really high-priced and realize that the student and family might not have full funding proof and may possibly take student loans to pay the balance fee?if the family funds plus the loan add up to the required quantity, then we can problem the I20.?
Credila?s Special Solution for students applying for studies in the USA
1 of the objectives of a recent and exciting development relating to educational loans in India aims at solving this ?Catch-22? scenario jeopardizing the Indian student community.
Credila Financial Services, is presently India?s initial and only fully-dedicated education loan provider. Credila has entered into key partnerships with several organizations and educational institutes around the globe to better serve the Indian student community. Credila Financial Services is an HDFC Ltd. venture. HDFC Ltd. is a strategic investor in Credila. Over 40,000 students and parents have applied to Credila for education loan in the past couple of months. So far Credila has funded students for their studies in Universities such as Columbia Univ., Cornell Univ, Purdue Univ., Carnegie Mellon, Oxford etc.
Credila is offering Education Loan Approval letter to credit worthy students even before they get any confirmed admission from the USA. Credila does not mandate ?Confirmed Admission? to procedure or grant education loan offers and Approvals. So a student can apply and obtain a loan approval letter from Credila even before being admitted to the course of his/her option. This may well also support the student to secure admission to far better courses.
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The Ultimate Guide to Bond Investing
by Steve McDonald, Investment U Research
Monday, February 20, 2012
Corporate and municipal bond investing has one major problem: When interest rates go up, bonds go down.
Actually, bond investing has two major problems. The second is that people are rate pigs. They always go for the highest payout on bonds and bond funds and ignore the problems associated with long maturities.
The result is that when bonds do drop in value, which they will do at some point, the drop is accelerated by ?rate pigitis? ? really accelerated. Long maturities drop in value a lot more than short ones.
So, a bond investor has to make a choice:
- Go with really long maturities, get higher yields and suffer through the sell-off when rates go back up?
Or:
- Go for shorter maturities and put up with lower returns, but a much smaller drop in value when the sell-off finally happens?
Of course, there are those who think, ?I?ll just wait it out and collect my interest, ignore the big drop in long maturity bonds and collect my principal at maturity.?
Right! And Obama will suddenly develop a sense of business and economics and stop jerking everyone?s chain.
The Real Truth
Here?s the real truth about the average small-bond investor.
The combination of ?rate pigitis? and being completely unable to wait out a sell-off in any market ? not the just the bond market ? have turned one of the safest investments, bonds, into what will be one of the biggest money losers in the history of the markets. Treasuries included.
In the past few years, rates have settled where I have never seen them in my lifetime. Meanwhile, small investors have been standing in line to pour their money into bonds of all kinds in the hope of escaping the stock market volatility and getting some kind of return on their money. I can understand why? It?s been 10 years since we made a dime on stocks.
All of this money is going into bonds at exactly the wrong time, in all the wrong ways and at prices so high, they have to come down.
It will be a blood bath of biblical proportions when almost everyone cuts and runs as prices drop.
The Staggered Approach to Bond Investing
But this is completely avoidable. There?s a way to own bonds now and get around this impending bloodbath, and still beat the stock market.
In fact, if you use a staggered approach to bonds, rather than the usual ladder, you can:
- Get very high rates of returns.
- Minimize the drop in value when interest rates rise.
- Take advantage of higher rates and the bargains they present in a down bond market.
- And still sleep at night, too?
I know, too good to be true, right?
But this isn?t a guarantee of any kind, you will have some losses ? very few, but some. Based on today?s market averages about one to three out of a 100 trades will be losers.
Sounds good, doesn?t it?
And, you will have to follow all the rules! Yes, rules of the road that cannot be ignored. Any Navy folks out there know what that implies. Standing Orders and all!
Right off the bat, that eliminates about 25% of all investors, big and small. That bottom 25% is doomed by the fact that they don?t know what to believe and are so inexperienced they can?t separate the good information from the garbage.
Another 25% will only play the ?swing for the fence? game in the stock market. They will figure it out eventually, but not until they have lost so much they go back to CDs and money markets. At least they aren?t losing anymore.
Another 25% know they have the secret to success and will only buy stocks, because they know the secret, right?
So that leaves you and me and few other survivors who are able to see a real opportunity.
Here it is! It?s called a ?staggered bond portfolio.? Your broker will tell you it can?t work, but I have been proving him wrong for a long time.
Forget Everything You Know
First, forget everything you know about corporate bonds, and munis for that matter, especially how to structure a portfolio of them.
Think in terms of very small bond positions, as few as one bond per position, five or more is preferable, but you can do one. I know brokers will tell you it is impossible to buy less than 10 or 20 bonds. Baloney! Get another broker who knows something about bonds!
The Rules of the Road
- Buy many bonds of almost all credit qualities, as low as CCC. Right now, I prefer to stay in the BBB to CCC range, but the skittish can go for the higher ratings if you need them to sleep at night. But the BBB to B ratings don?t have that much more risk and the slightly lower-rated bonds are where all the money is.
- Buy bonds in many industries. Don?t load up on a few tech names or familiar names. Stay diversified just as in a stock portfolio.
- In the current market, shoot for an average maturity of five years or less. That means you can buy a few really good ones at seven years and a few that don?t look as good in the one- to two-year maturity. Then fill in the blanks.
As the market shifts to higher interest rates, this strategy will shift to longer maturities and the higher rates that come with them. But for now, you must stay very short on time. This market requires it.
- Never load up on a single bond because you like the return. This is the biggest trap and the biggest money burner in the business. Just ask the folks who bought Lehman Bros. bonds, AAA at the time, because they had a great interest rate and a really good rating.
For the average person, that?s someone who isn?t managing millions, there?s never a good enough reason to buy more than 10 bonds in any one position.
Plan on buying lots of different bonds so when the bad news does hit (and it will eventually), it only affects about one to four bonds out of a 100, and you don?t have your whole life hung out to dry in one position. I?ll bet you can guess which bonds will get you into trouble. Here?s a hint, it won?t be the small positions in your portfolio.
- Look for bonds whose underlying companies just had some bad news; missed earnings, bad product, lawsuit, etc. It will kill the stock and the bond will slip, too, but here?s where the difference between stocks and corporate bonds really shines.
The only question you need to ask yourself about that bond is, ?Will the company be in business when this bond matures?? The answer in almost 99% of cases is, ?Yes.?
That?s it! Let the stockholders die on the vine as this thing gets pummeled. You buy the bond while it?s down, collect the interest and capital gains, wait for the bond to go back up in value ? which they do in most cases ? then sell it or wait for maturity and collect your principal and interest.
Two More Advantages
There are two more advantages to this short staggered portfolio. Take a look at the example below of what a portion of a complete staggered portfolio looks like.
Notice you have several bonds coming due each year. This is key to this strategy. This allows you to buy back into the market at higher rates several times a year. This gives you all kinds of flexibility that laddering doesn?t.
In a traditional laddered portfolio, you have to wait several years for a bond to mature to be able to buy another. That can hurt in a fast changing bond market, which is what I?m expecting in the next few years.
Maybe the most beneficial aspect of the staggered strategy is you can see the horizon. You can see that there?s money coming due, and you know you will get your principal back, and that gives you a psychological advantage over all other types of investments.
Being able to see that horizon ? I call it the light at the end of the tunnel ? makes it that much easier to sit tight and wait out the worst that any market has to offer.
You have to be there at the end of the race to have any chance of being a winner.
That?s how you avoid the bloodbath that?s coming in the bond market, reduce your risk, avoid the volatility of the stock and make real money in bonds.
Good Investing,
Steve McDonald
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