Income Producing Mutual Funds?

[rsingh6675]

I am thinking of putting new Roth IRA money (~$12000) in income producing Mutual Fund. Currently AGDCX is paying 8.8% dividend. However, this fund has gone up 40% already this year. Therefore, I am wondering if this is wrong time to put money in this fund or should I look for some other funds? If other funds, then any good ideas?
Please write your opinion.
Thanks.

[LOL!]

You asked a similar question 3 weeks ago. My opinion is the same:

Quote:

But the tracks you leave behind on this forum suggest that you still haven't figured out your asset allocation and you don't have much of an investment plan either. For example, why did you even suggest the Vanguard high-yield corporate bond fund with its risks? Sure, a lot of people like it, but it can behave like a stock fund. How much money did it lose in 2008?

You have just picked another junk bond fund that behaves like a stock fund. What's worse is that you selected one with outrageously high reported expense ratio of 1.65%? I am being blunt: I would not throw away my money.

[Ed_The_Gypsy]

Consider PID and SDY.