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Trying to help my mother...
She has some inheritance - she needs fixed income off part of it and can invest part of it. I can do the investing for growth part. The income part?
Some questions:
Are bond funds bad like stock mutual funds?
Are bond UIT's any better (I'm sure it depends on the particulars of the UIT, but is there a general opinion)?
My current plan is to have her open an account with Charles Schwab and have their bond specialists help her out. They have some UIT's which sound reasonable - with option for monthly payments.
Any other suggestions - web sites, books, strategies...
Thanks, remster
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