Replies to post #13475 on A.I.M. Users Bulletin Board (AIMUSERS)

[Toofuzzy]

Hi Firebird RE Closed End Bond Funds

Let me first state that with interest rates at a 40 year low it would be most prudent to wait till rates seem to be peaking before investing in any LONG TERM bond fund. A good time MIGHT be when short term rates exceed long term rates (inverted interest rates)

Tom has been investing in ACG for years and more recently in CHY but there are other choices as well. Another income alternative are REITs, REIT funds, REIT ETF's (ICF, IYR, etc), but wait to invest in them for the same reasons. They have the advantage in not only generating income but that income stream (dividends)can grow also.

Toofuzzy

[OldAIMGuy]

Hi F400 and TF, With short term interest rates where they are, we could have them rise over 3% before we'd see the current P/E+T13Rates push the bearish limits. So, it's going to take some time for this to occur. So, there's no hurry in getting into Closed End bond funds. I use ACG as a govt bond source, CHY as a convertible corporate bond source and will eventually add some more REIT exposure when the yields are right.

Does anyone have a good theory for what happened to the markets this AM? Is John Edward's nod as potential vice president that important? Veritas's projected earnings weren't THAT bad...

The bottom 20 NASDAQ 100 stocks are all down more than 3.8% for the day. Crazy!

I'll have the I-Wave data a bit later today......

Best regards, Tom

[Retireoncsco]

I don't AIM it, but do put 1/2 my cash in my HYV fund, pays about 10.5 right now, but I'm in at 12% yield.

J

[LemonHead]

Firebird, I got HYF 2/18/04 & HYV 12/17/03 for my wifes IRA...
HYB, I don't know about...

http://www.etfconnect.com/select/fundPages/global.asp?MFID=32517

Lets us know what ya decide.

Thxs
Keith