Bill Gross is synonymous with Bonds. Bill Gross, a Duke grad, co-founded PIMCO. PIMCO = Pacific Investment Management. It’s headquartered in glamorous Newport Beach, California.
PIMCO specializes in bonds and is one of the largest mutual fund mangers in the world. What are bonds? Read here: What is a Bond? Investing in Bonds: Part 1.
Interestingly enough, bonds have been in a bull market cycle for the past 25-years or so. What that means is that it has been relatively easy to make money as prices have been steadily moving up. Read: What are the Bull & the Bears?
But recently, with yields at historic lows (prices at very high levels), Bill Gross has been quoted as saying that this last round of Quantitative Easing (QE2) is the signal of the end of good times for bonds. Read Bloomberg’s article here: Fed Easing to Signify End of Bull Market, Gross Says.
For more read: Can You Lose Money in Bonds?
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