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Strategies & Market Trends : Retirement - Now what?

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To: geesgen who wrote (78)1/20/2005 3:23:08 PM
From: OldAIMGuy  Read Replies (1) of 288
 
I'm using CHY which is a corporate conv. bond fund.
etfconnect.com

Please note that it's mostly BBB rated bonds or less. However the yield is pretty nice at over 8% right now. Assuming interest rates move against bond funds, it should drop in share price but improve in effective yield.

This fund also responds to good and bad stock markets. Good markets and rising corporate profits seem to make this fund rise no matter what's going on at the FED. I think the conversion feature and the improvement in rating of the bonds as profits rise is what is the driving force.

I can't find any closed end funds that are only preferred yet. I'll look in BARRONS next time I'm at the library.

Best regards, Tom
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