I have recently read an article on Bank-Loan Funds. The author recommended these funds as a hedge against an overall stock market drop-out. He also gave some examples of such funds----SAMBX and FFRHX are two with fairly low expenses. Given their junk-bond involvement where is the wisdom of putting part of my "egg" in there to spread my risk out. I have a lot of money in global investments--around 60%---and only about 20% in balanced funds with remainder in spread of growth large cap and I hate to take any out to get single digit returns unless there is a good reason---seems to me that CD's or Govmt bonds would be safer and return about the same. At 66 yrs, I don't exactly want to weather out a global bubble burst which I tend to think is probable. I keep going back to the Motley Fool contrast between the "saver" and the "retiree." Would like some views on this please. ----JG