No. of Recommendations: 0
Agree. I look for bonds that have short maturity maturity dates (usually less than 5, but I'll go to 7 in some cases). Also, it is nice to find plays in areas where I would like to invest or think may turn around but it may take some time. Current bond holdings include Silicon Graphics, Alza and Inco. I also have some Pilgram Prime Rate Trust. PPR holds a diversified portfolio of mostly B or BB companies. BUT these are Senior Notes, i.e., backed up by equipment or real estate. I didn't look it up today, but the yield usually runs around 8.5%. PLUS, if you reinvest the dividend it invests at a half percent below the market value--giving you a real yield of 9% or so with very little risk. I also do preferred stock. A recent purchase was St.Paul Companies--an insurance company with a brokerage component.
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