No. of Recommendations: 0
A year ago my wife and I were talked into investing $10,000 in a bond fund through our bank. Wrong. I didn't do my usual homework and as soon as I got home THEN did my homework and discovered a number of analysts saying that was a BAD time to get into the bond market. Sure enough, it began falling, and though it has earned about $30 interest every month, the share price has fallen such that the total value is now around $9850. The agreement with the bank included a $100 penaly for withdrawing the fund in the first year, so we left it in. The year is up and now I am wondering what the bond fund prognosis is going forward. I would like to at least break even at $10,000, but don't want to take another Foolish chance :).

Advice anyone ? What would you do ?

Scott W
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