InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
)
Bitcoin
63,808.00
(
-0.68%
)
Post# of 100048
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

fung_derf

Send PM Follow Ignore
Followers 250
Posts 112275
Boards Moderated 15
Alias Born 08/30/2001

fung_derf

Member Level

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.

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up