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Discipline Your Dollars


Posted By:  Liz Goodrich
Date Posted:  7/11/2003

Reese Shepard, CFP, ChFC, presents July’s Financial Friday installment on Friday, July 27th at 12:00 noon in the Library Admin Conference Room (507 NW Wall). This month’s presentation focuses on developing a disciplined approach to using fixed income (including cash, bonds, money markets and real estate). Join Shepard for an hour of sound financial advice. Participants are encouraged to bring a lunch.

“Equities have been volatile recently and fixed income tends to smooth out the ride,” says Shepard. Shepard, who first began working on Wall Street in 1966, holds an economics degree from Harvard and a MBA from Stanford. He moved to Bend in 1984 to start COCC’s Business Development Center and has been in the financial services industry in Bend for the past ten years. Shepard says that fixed income assets are an important part of a balanced portfolio. “If people need current income, fixed income provides that automatically, and you are not faced with selling off a stock for income when the stock might be down,” says Shepard.

Another question Shepard is asked regularly is about right and wrong times to invest in bonds. “With interest rates at the lowest in 45 years, this is the wrong time to invest in long term, investment grade, corporate bonds.” On the other hand continues Shepard, “junk bonds have been leading the market because of their high yield and their price appreciation. Now might be the right time to invest in high yield bonds.”

Shepard volunteers his time at the Deschutes Public Libraries, leading the monthly Financial Friday series, which occurs the fourth Friday of every month. This program is free and open to the public. For more information, please call 312-1032.

Page Last Modified Wednesday, June 23, 2021


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