Dave Plecha's guest appearances

Dave Plecha

Valuewalk's ValueTalks

The Rational Reminder Podcast

AWM Insights Financial and Investment News

William Bernstein

Greg Zuckerman

Jim Simons

Josh Brown

Brad Cornell

Jill Schlesinger

Nolan Bauerle

Dave Portnoy

Charlie Munger

Kevin Kelly

Chris White

Michael Kitces

Keith Smith

Bruce Schneier

Leonard Mlodinow

OwlTail

Even among rational investors with diversified portfolios, there seems to be less known about the inner workings of the bond portion of their investments. Here on the show today to help us get a better understanding of fixed income investments is none other than Dave Plecha, Global Head of Fixed Income at Dimensional Fund Advisors. Dave is one of the authorities on the subject of bonds and is amazing at articulating the concepts at play in this arena. This conversation goes in-depth, but is also a great starting point for investors to begin thinking about this part of a portfolio, and deepen an understanding of something that is so often misunderstood or misused. As you will hear, Dave has a real passion for this subject and has been presenting and speaking on precisely this work for the last twenty years. We cover a lot of ground with Dave, talking about why his approach might be confused with a certain type of market timing, the impacts of inflation, the current low interest rates and if these affect bond investments, an explanation of forward rates, and so much more that you will not want to miss. We even find time for a quick story about Dave's early days working with Eugene Fama, so make sure to stay tuned in for that.   Key Points From This Episode:  Assessing the role of bonds in a portfolio, in relation to the current low interest rates. [0:02:30.3] Concerns over negative interest rates for bond investors. [0:05:30.1] Bonds and real returns; the impact of inflation on Canada's market. [0:09:30.7] Dave's perspective on the argument for long bonds as diversifying assets. [0:15:39.4] Comparing and contrasting the bond market with the stock market. [0:17:55.7] The trading of bonds and what differentiates it from trading stocks. [0:22:29.5] The volatility of last March and Dave's reflections on trading during that period. [0:27:17.8] Differentiating Dimensional's approach to bonds from the other big firms'. [0:29:21.7] The primary factors that influence expected returns in fixed income. [0:31:40.4] Understanding forward rates and the information they provide about expected returns. [0:37:26.7] Building better investing strategies using forwards rates. [0:40:43.5] Clarifying expected premiums for maturity in a variable maturity strategy. [0:44:06.7] Dave explains why market timing does not work with regard to fixed income. [0:46:30.4] Quantifying the differences in expected returns from the index and Dimensional. [0:51:01.7] A great argument from Dave for maintaining a diversified approach to all investments. [0:52:31.51] The connection between present observable credit spreads and future realized payments. [0:55:48.5] The game-changing development of Trace in the bond market. [0:59:40.2] Applying the Dimensional approach as a do-it-yourself investor. [1:05:57.7] A great story from Dave about his early days working with Eugene Fama. [1:10:25.2] How Dave defines success in his life and work these days. [1:11:30.1] 

Even among rational investors with diversified portfolios, there seems to be less known about the inner workings of the bond portion of their investments. Here on the show today to help us get a better understanding of fixed income investments is none other than Dave Plecha, Global Head of Fixed Income at Dimensional Fund Advisors. Dave is one of the authorities on the subject of bonds and is amazing at articulating the concepts at play in this arena. This conversation goes in-depth, but is also a great starting point for investors to begin thinking about this part of a portfolio, and deepen an understanding of something that is so often misunderstood or misused. As you will hear, Dave has a real passion for this subject and has been presenting and speaking on precisely this work for the last twenty years. We cover a lot of ground with Dave, talking about why his approach might be confused with a certain type of market timing, the impacts of inflation, the current low interest rates and if these affect bond investments, an explanation of forward rates, and so much more that you will not want to miss. We even find time for a quick story about Dave's early days working with Eugene Fama, so make sure to stay tuned in for that. Key Points From This Episode: <ul> <li>Assessing the role of bonds in a portfolio, in relation to the current low interest rates. [0:02:30.3]</li> <li>Concerns over negative interest rates for bond investors. [0:05:30.1]</li> <li>Bonds and real returns; the impact of inflation on Canada's market. [0:09:30.7]</li> <li>Dave's perspective on the argument for long bonds as diversifying assets. [0:15:39.4]</li> <li>Comparing and contrasting the bond market with the stock market. [0:17:55.7]</li> <li>The trading of bonds and what differentiates it from trading stocks. [0:22:29.5]</li> <li>The volatility of last March and Dave's reflections on trading during that period. [0:27:17.8]</li> <li>Differentiating Dimensional's approach to bonds from the other big firms'. [0:29:21.7]</li> <li>The primary factors that influence expected returns in fixed income. [0:31:40.4]</li> <li>Understanding forward rates and the information they provide about expected returns. [0:37:26.7]</li> <li>Building better investing strategies using forwards rates. [0:40:43.5]</li> <li>Clarifying expected premiums for maturity in a variable maturity strategy. [0:44:06.7]</li> <li>Dave explains why market timing does not work with regard to fixed income. [0:46:30.4]</li> <li>Quantifying the differences in expected returns from the index and Dimensional. [0:51:01.7]</li> <li>A great argument from Dave for maintaining a diversified approach to all investments. [0:52:31.51]</li> <li>The connection between present observable credit spreads and future realized payments. [0:55:48.5]</li> <li>The game-changing development of Trace in the bond market. [0:59:40.2]</li> <li>Applying the Dimensional approach as a do-it-yourself investor. [1:05:57.7]</li> <li>A great story from Dave about his early days working with Eugene Fama. [1:10:25.2]</li> <li>How Dave defines success in his life and work these days. [1:11:30.1]</li> </ul>

Dave Plecha: The Long and Short of Investing in Bonds (EP.163)

Hello Podcast listeners,Today is a very special episode with Dave Plecha, Global Head of Fixed Income at Dimensional Fund Advisors. Prior to joining Dimensional, Dave managed stock index futures and options for Leland O’Brien Rubinstein Associates and was an operations planner at Texas Instruments. He earned his MBA from the University of California at Los Angeles and his BS from the University of Michigan. In today’s episode we discuss Dimensional’s approach to fixed income investing. Enjoy and thanks for the listen!

Hello Podcast listeners, Today is a very special episode with Dave Plecha, Global Head of Fixed Income at Dimensional Fund Advisors. Prior to joining Dimensional, Dave managed stock index futures and options for Leland O’Brien Rubinstein Associates and was an operations planner at Texas Instruments. He earned his MBA from the University of California at Los Angeles and his BS from the University of Michigan. In today’s episode we discuss Dimensional’s approach to fixed income investing. Enjoy and thanks for the listen!

The Price is Right with Dave Plecha, Global Head of Fixed Income at Dimensional Fund Advisors

An Absolute Must Have in Your Portfolio AWM Insights Presented by AWM Capital Guest: Dave Plecha, Global Head of Fixed Income at Dimensional Fund Advisors For more insights, sign up for our newsletter at awminsights.com AWM Capital: IG | LinkedIn | Facebook | AWMCap.com Erik Averill: LinkedIn Brandon Averill: LinkedIn Justin Dyer: LinkedIn   The importance of folding Municipal Bonds into your portfolio has been a common discussion on AWM Insights, this week Dave Plecha, the Global Head of Fixed Income at Dimensional Fund Advisors, joins the show to provide expert analysis on Municipal Bonds to further the discussion. There’s a tremendous opportunity based on the cash flow available and tax free nature of Municipal Bonds.   1:27 - 3:20 Where do Municipal Bonds fit for Dave Plecha in a broadly diversified portfolio?  Stocks are the area to grow your portfolio, however the second component of a portfolio should be in minimizing risk. Municipal Bonds satisfy both in terms of growth, but also minimizes risk and is extremely helpful in terms of taxes.  3:25 - 6:10 Why are not all Municipal Bonds created equal?   There are two types of Municipal Bonds: Term and Credit  6:20  What are the differences between Municipal Bonds between states and what are the taxable implications on income made from Municipal Bonds.    Key takeaway:  There’s a tremendous opportunity based on the cash flow available off of Municipal Bonds.   Register for the free webinar on how to optimize your portfolio in the most tax efficient way: AWMWebinar.com For more insights, sign up for our newsletter at awminsights.com Subscribe to AWM Insights presented by AWM Capital on Apple, Spotify, Tune-In, Stitcher or at clnsmedia.com

An Absolute Must Have in Your Portfolio AWM Insights Presented by AWM Capital Guest: <a href="https://www.linkedin.com/in/dave-plecha-9a52b326/" rel="nofollow" target="_blank">Dave Plecha</a>, Global Head of Fixed Income at Dimensional Fund Advisors For more insights, sign up for our newsletter at <a href="http://awminsights.com" rel="nofollow" target="_blank">awminsights.com</a> AWM Capital: <a href="https://www.instagram.com/awmcapital/?hl=en" rel="nofollow" target="_blank">IG</a> | <a href="https://www.linkedin.com/company/awmcapital/" rel="nofollow" target="_blank">LinkedIn</a> | <a href="https://www.facebook.com/awmcapital/" rel="nofollow" target="_blank">Facebook</a> | <a href="http://AWMCap.com" rel="nofollow" target="_blank">AWMCap.com</a> Erik Averill: <a href="https://www.linkedin.com/in/erikaverill/" rel="nofollow" target="_blank">LinkedIn</a> Brandon Averill: <a href="https://www.linkedin.com/in/brandonaverill/" rel="nofollow" target="_blank">LinkedIn</a> Justin Dyer: <a href="https://www.linkedin.com/in/justin-dyer-cfa-cfp/" rel="nofollow" target="_blank">LinkedIn</a> The importance of folding Municipal Bonds into your portfolio has been a common discussion on AWM Insights, this week Dave Plecha, the Global Head of Fixed Income at Dimensional Fund Advisors, joins the show to provide expert analysis on Municipal Bonds to further the discussion. There’s a tremendous opportunity based on the cash flow available and tax free nature of Municipal Bonds. 1:27 - 3:20 Where do Municipal Bonds fit for Dave Plecha in a broadly diversified portfolio?  Stocks are the area to grow your portfolio, however the second component of a portfolio should be in minimizing risk. Municipal Bonds satisfy both in terms of growth, but also minimizes risk and is extremely helpful in terms of taxes.  3:25 - 6:10 Why are not all Municipal Bonds created equal?  There are two types of Municipal Bonds: Term and Credit  6:20  What are the differences between Municipal Bonds between states and what are the taxable implications on income made from Municipal Bonds.  Key takeaway:  There’s a tremendous opportunity based on the cash flow available off of Municipal Bonds. Register for the free webinar on how to optimize your portfolio in the most tax efficient way: <a href="http://AWMWebinar.com" rel="nofollow" target="_blank">AWMWebinar.com</a> For more insights, sign up for our newsletter at <a href="http://awminsights.com" rel="nofollow" target="_blank">awminsights.com</a> Subscribe to AWM Insights presented by AWM Capital on Apple, Spotify, Tune-In, Stitcher or at <a href="http://clnsmedia.com" rel="nofollow" target="_blank">clnsmedia.com</a>

An Absolute Must Have in Your Portfolio | Dave Plecha | AWM Insights Financial & Investment News