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Started By
Message
Am I missing something? Corporate bonds...
Posted on 5/5/16 at 10:26 pm
Posted on 5/5/16 at 10:26 pm
I saw another post about QQQ, which got me browsing Invesco's funds and naturally I was attracted to the high yield section...
Why the hell wouldn't everyone buy a decent amount of PHB?
It's a corporate bond fund that yields almost 5% on a MONTHLY basis. Seems like a no brainer for passive income....unless they default. What's the likelihood of that??
Anyone own this one or others?
Edit: JNK is even better...over 6% yield
Why the hell wouldn't everyone buy a decent amount of PHB?
It's a corporate bond fund that yields almost 5% on a MONTHLY basis. Seems like a no brainer for passive income....unless they default. What's the likelihood of that??
Anyone own this one or others?
Edit: JNK is even better...over 6% yield
This post was edited on 5/5/16 at 10:39 pm
6
Posted on 5/5/16 at 10:42 pm to bayoubengals88
quote:
According to Moody’s the average default rate for high-yield bonds is 4.8% since 1983. Over the past twelve months through October 2014, high-yield defaults were 2.4%.
Posted on 5/5/16 at 10:45 pm to bayoubengals88
That 30 day yield is still annualized
Posted on 5/5/16 at 10:58 pm to sneakytiger
I couldn't find duration on the one for the second link you posted. The first one doesn't look too bad. Make sure you stay diversified.
Beware of rising interest rates. I've been saying that for 2 or 3 years. One year I will be right
Beware of rising interest rates. I've been saying that for 2 or 3 years. One year I will be right
Posted on 5/5/16 at 11:05 pm to PlanoPrivateer
Interest rates will not rise again this year. Too much going on with yellen/trump. Yellen raises rates market drops trump has a shot at winning. Trump has expressed that he will replace yellen which means yellen will do everything to support the market til the election
This post was edited on 5/5/16 at 11:07 pm
Posted on 5/6/16 at 8:46 am to bayoubengals88
quote:
Why the hell wouldn't everyone buy a decent amount of PHB?
The OT has been pumping the hell out of this for years. Particularly in babe threads.
Posted on 5/6/16 at 9:21 am to bayoubengals88
Damn.... Well time to sell out of the high yields now that the MB knows about them! Lol
Posted on 5/6/16 at 2:53 pm to bayoubengals88
quote:
It's a corporate bond fund that yields almost 5% on a MONTHLY basis
Really?
Posted on 5/6/16 at 4:03 pm to barry
Obviously not...but it distributes monthly. What's that? Close to 1/2 a percent per month?
MY APOLOGIES.
MY APOLOGIES.
Posted on 5/7/16 at 11:41 am to bayoubengals88
I too am worried about interest rates rising. I'm more comfortable owning BGT at a 8-11% discount than PHB at a premium. The only caveat that worries me is lack of liquidity in the bank loan market. BGT yields 5.42% after the current rally. I'd rather buy it when it's selling at a larger than average discount however. Just my thoughts.
This post was edited on 5/7/16 at 11:43 am
Posted on 5/9/16 at 12:36 am to bayoubengals88
Look at Woodbridge wealth capital. They pay you 6% interest and your principal remains in tact.
Posted on 5/9/16 at 6:49 am to player711
What is it? Not any kind of equity or fund huh?
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