Quote:
Originally Posted by pwd72s
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Lots of money market offerings have no FDIC or other protection ... fwiw.
Here's an example of an online CD I purchased for my parents (one of many)
A 5 yr CD ($20K purchase) from Morgan Stanley, purchased back in Nov. with a yield of 5% ... it will pay every 6 months until maturity. I could sell it all (or some ... in 1K increments) at any time on a moments notice.
It's value today $20,756 .... and has no bearing on the dividends payouts.
As the Fed drops Fed rates... it will increase ...
Long term individual corporate bonds are no different .... I tend to buy below Par value, but sometimes I pay more...
Buy high ... sell higher
But I could sell my whole bond porfolio for significantly more than when I purchased them..... it was a 15 month buying spree fwiw.
Yeah .... I like 7% dividends .... guaranteed for nearly 2 decades, and still liquid if I need to access it... I probably won't... but who nose
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Fixed income with a nice yield.... works for me, but I would NOT expose myself to bond "funds" .... even Pimco's. The "herd" inflow/outflow can bite ya .... and I do my own thingy.....
Investigate and research Shaun ... best advice I can offer