retire2020
Recycles dryer sheets
- Joined
- Sep 22, 2012
- Messages
- 459
I've about 50K cash in my account earning almost nothing. My friend keeps telling me to buy PHK as it has almost 12% yield and made up of different bonds so lesser risk than stocks. My idea is to use this cash incase of emergency only or when market dips and I need cash. I'm willing to take 5-10% dip with this and he thinks when equity goes down bonds usually go up or go down much lesser than stocks. Any advise or suggestion?