No. of Recommendations: 0
I have a couple of bond funds, one of which I use for current income and which I will probably keep no matter which way interest rates go. I have the T.Rowe Price Spectrum Income fund which is quite diversified. It includes, junk bonds, emerging market bonds, treasuries, GNMA mortgages, international bonds and even includes a small percentage of their Equity Income stock fund for income. I also have some shares of JNK, an exchange traded junk bond fund. I know this one is risky but it is presently yielding over 12%. I am debating as to whether to keep the JNK fund or bail out. I am up over 20% on the share price. But there are an awful lot of warning out there about junk bond funds and their imminent plunge in share price. I also have the Vanguard High Yield mutual fund which is a junk bond fund. These are just my musings and I am in no way advocating these funds or this fund allocation. Any comments would be appreciated.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.