Ronstar
Moderator Emeritus
My MIL called all nervous about her $25k investment in GMAC smartnotes. She says they're paying 7.05%, but her broker called to tell her that the value has declined to $9,500. She asked for my opinion. I know very little about bonds. I've searched this board and Google and find conflicting advice. Some say stick with them because there is very little chance of GM going bk. Others say dump them. Any ideas?