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Post# of 100048
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fung_derf

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fung_derf

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Re: gotmilk post# 99984

Friday, 02/16/2024 8:51:34 AM

Friday, February 16, 2024 8:51:34 AM

Post# of 100048
One of my very largest losses years ago was in a floating rate short term bond fund. They were advertised as not moving more than 3% in value either way with a small dividend that beat money market. Instead they all went through a major crash. Going from $10 per share down to around $2.70.
NEVER buy a derivative product. Ask anyone who owned a CMO.

https://www.morningstar.com/funds/how-short-term-bond-funds-went-wrong-again

Just my opinion, of course.

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