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PIMCO Funds, National Financial Services, MF Global and the Cost of Living

Listeners’ Questions, Peter’s Answers – January 27, 2012

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[separator style_type=”single” top_margin=”5″ bottom_margin=”5″ sep_color=”” icon=”fa-play” width=”” class=”” id=””]Stephen from Fairhope, AL
I’m a young investor and have a large portion of my money in PIMCO Funds Total Return Fund Institutional Shares. I keep hearing about a bond bubble brewing and am wondering if you consider this a valid concern. I don’t particularly like Bill Gross but he seems to make money for his investors. Do you think that I should bail?

Robert from Hughspon, CA
As a client, I’d like to know if Euro Pacific accounts are vulnerable if National Financial Services were to go bankrupt? Thoughts of MF Global come to mind. I would think that your lack of faith in government might lead you to be more concerned about this happening to us.

Matt from Chandler, AZ
I’ve been in Arizona 11 years and recently had 2 children. My wife and I have decided it is best for our children to grow up near our families in northern Illinois. Illinois’ fiscal problems are a mess. Do you feel it would be in my family’s best interest to move to Iowa where the cost of living is cheaper and the state enjoys a stronger balance sheet? Or will all the states be in the same predicament as we share the dollar?

Bryan from Kathy, TX
I am currently working as a music educator for a public school, but for a variety of reasons, I am looking for a career change. Is it possible to begin a career in the financial services industry without a degree in finance, accounting, economics, etc.? If so, do you have any suggestions on where to start, books to read, research to conduct, etc.?

Richard from San Jose, CA
What concentrations would you recommend someone taking while studying toward an econ degree, i.e., accounting, small-business classes, political science? I make pretty good money at my current job, but the reason I chose to get a degree is to bring something substantial to the political theater.