No. of Recommendations: 0
Hi Wendy,
This is just a comment for the future. Vanguard's High Yield Fund (junk) takes a conservative approach and yields over 8 percent now. I wouldn't recommend it now. I think this whole mess we are in is going to take a very long time to settle out as these mortgages reset and the system tries to get better visibility on all these new investment products. It could take years. Hopefully, on the other side, risk premiums will be more appropriate. Vanguard's High Yield fund might be an idea to just put away for awhile and take it out later.
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