No. of Recommendations: 0
0x6a74 wrote made me look! thanks!

i'm about 5% in two bond (old)funds that i rarely look at.
one paying 4.7% somehow; the other about 1.8% ...
gonna dump some of the latter and buy more pref/divers

Don't have a clue about what bonds you are in - but I think it fair to say higher return bonds have long maturity and/or higher rise. The interest risk increases exponentially with time to maturity -- so maybe you are actually increases your risk by selling the lower yielding product(s).

If you choice was made because you want yield, why not consider something like AT&T - the phone company is not going away. While the stock price will go up and down, the dividend is very secure. I only mention AT&T which I know has a high yield - there are many similar stocks. That said, you need to look at the company and apply some common sense. General Motors paid a very high yield a few years back and it went bankrupt.

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