No. of Recommendations: 5
I'll second that.

My first thought was: With that long until retirement, any significant bond allocation is just wrong. An unwarranted fear of stock-market declines that drive some people toward the "safety" of bonds will cost them dearly in after-inflation dollars.

My next suggestion is: Unless you have a much larger amount to invest, 35% of 50K is way too small to get a safe diversity in bonds. If you really really want to do it, preferred stocks is probably the way to go. In addition to take a look at

I've bought a lot of preferreds in the last year, with a overall very generous average yield, and a pretty large capital gain. The prices have drifted up and current yields are lower now, but there's still a lot of good ones to be found.
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