Junk Bond Funds Don't Belong in Long-Term Portfolios
by Lorraine Ell, CEO, Investment Adviser Representative, Better Money Decisions
Mar 05, 2019
4 minutes
I recently met with a woman who came to me for advice on her existing portfolio. She had been investing for a while but was concerned her portfolio would not weather another market downturn. As she was close to retirement, she wanted to be reassured that her investments were allocated conservatively.
One of the first things she mentioned was that she did not like junk bonds and would not have them in her portfolio. As I scanned her list of investments, I was shocked to discover that she had not only one high-yield bond fund but three! Such is the nature of junk bond funds: They can be very hard to
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