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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Tommaso who wrote (168219)5/25/2002 4:42:27 PM
From: Knighty Tin  Read Replies (2) of 436258
 
T, Good response. However, FCO does not really pay that high a yield. It is really only 4-5%. The rest is them giving you part of your money back.

I developed a portfolio of fixed income vehicles paying an average of 8.12% yesterday, and it was 8.65% to those in the top tax bracket, which my clients are in. Of course, that was before my fee of 32%. <VBG> It was AA rated on average and had a 7.6 year duration. The good thing was that it was designed to offset risk to any one type of fixed income vehicle. I also did a tax free one and it's even better if you list the IRS as a dependent. <g>
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