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|Subject: Re: Risks w/ municipal bonds?||Date: 5/21/2009 12:19 AM|
|Author: AngelMay||Number: 27561 of 35499|
We all feel for you, it is a very frustrating time to put money to work in fixed income.
I feel like I'm between a rock and a hard place with this.
No you are not. Cash never hurts as you and your spouse found out when the stock market got funky. You are in a much better place than many, you have options. You could put 25% - 50% in the GNMA and 25% in a CD ladder and MMA the rest or any reasonable combination. This is a good place to be. The returns are less than desirable but you aren't stuck.
I apologize if I came on too hard.
Oh, not to worry -- you were just giving your best opinion.
And you are right about it being frustrating. This market is a little crazy and I'm pretty UN-sure what to do right now.
I've already gotten back into 4 funds (one of them is a bond fund) - and all are currently paying off for me. But my entrance back into the market has been kind of a tippy-toe into cold water move. I don't feel confident enough to plunge into the deep end just yet.
The problem is that it just kills me seeing that money sitting there day after day earning less than a half percent. Still you are right- at least I still HAVE the money. :)
And something else you said gave me pause as well. I will look into ETFs for some of what I will need in my portfolio. This "cooling off" period I'll be taking will give me the chance to take a closer look at some of these as well as the bond funds I've been considering.
So I really do appreciate the time you have taken to answer my questions -- even though I've seemed like the headless chicken running around in circles. So I'd just like to thank you once again. And Loki as well.
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