[Series 65] 48, Fixed Income Portfolio Strategies

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - To differentiate passive bond strategies: laddering for steady cash flow, barbells for a yield/liquidity mix, and bullets for a specific future liability. - That immunization is a method to offset interest rate risk by matching a portfolio's duration to an investor's time horizon. - To identify the motives behind different bond swaps, such as substitution swaps for relative value and rate anticipation swaps for interest rate forecasting. - That a primary benefit of a laddered bond portfolio is the mitigation of reinvestment risk by staggering maturity dates. - How to match the correct fixed-income strategy, like a bullet portfolio or duration matching, to a client's specific financial goal, which is a common exam question. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep