AAII San Diego Chapter

Popular bond funds like the Vanguard Total Bond Market Index ETF (BND) lost over 15% in 2022, one of their worst years on record.   The first few months of 2023 have shown more volatility including a recent 3% rally (March 1-March 15).  What is next for the Bond market?  Come join your fellow chapter members and guests as Linda Beck explores the outlook for bonds today and how they may fit in your portfolio.  She will lean on her 28 years of experience in finance and delve into what the FOMC might do for the rest of this year, in 2024, and discuss how policy changes might impact the bond market.  She will explore our economic outlook and how it affects different bond sectors and valuations.  Lastly, she will discuss the difference between owning individual bonds versus bond funds in your portfolio.   

Linda joined Ballard, Inc. in 2012 and leads the firm’s fixed-income investment strategies in addition to working directly with a select number of its clients. Before joining Bailard, she worked as a Senior Portfolio Manager in RCM’s Private Client Group and managed all fixed-income accounts in the San Francisco office. Linda joined RCM in 1994, serving RCM’s institutional fixed income department, where she was responsible for over $2 billion in taxable institutional and high net worth fixed income portfolios. She received her Chartered Financial Analyst® designation in 1991 and is a member of the CFA Institute and the CFA Society of San Francisco. Linda’s industry career began in 1986, earning a BS in mathematical economics from Pomona College and an MBA in international finance from the University of Chicago. She enjoys living in Marin County.