No. of Recommendations: 1
Myron you don't say why you are putting money in bonds and that is rather important in my view. If you are putting money there essentially to park money and avoid an equity loss, then I think your choice of a closed end fund is very, risky and urge you to think again. If you are diverisfying a portfolio and have several years (maybe 10 or more) until you need the funds, maybe.

The issue is simple. Interest rates are at 50 year lows. Unless you really know our ecomony is going to follow the path Japan has been on for last 20 years, I would expect interest rates to double or maybe even triple in the next 5 to 8 years. When that happens bond values are going to drop like a rock. You will loose money big time. On the other hand, if you ladder government bonds, you will get your principle back a a little interest.

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