Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (5409)	7/16/2010 8:28:31 PM
From: marc ultra	2 Recommendations Respond to of 10065

(VFIIX)<How high can it go? Don't know but since I don't see a true double dip, IMO it's at a ridiculous price due to a lot of equity fraidy cats looking for a little more yield than Treasuries. They'll get their 3% yield but I doubt many have a real clue about interest rate risk. BTW in case you missed it there was a manager change FWIW: Michael Garrett of Wellington Management Company, who rejoined the team running Morningstar Analyst Pick Vanguard GNMA (NASDAQ:VFIIX - News) a month or so ago, has been named sole manager. Garrett is a familiar face to shareholders and has contributed to the fund's strong long-term record. He'd served as comanager with the departing Thomas Pappas from 2006-09 and worked on the fund for more than 10 years before leaving to run the Federal Reserve's agency mortgage purchase program for Wellington. A Vanguard spokesperson said Pappas has decided to leave the firm at year-end.