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ESRBob · 06-15-2005, 07:26 PM

Charlie,
Fwiw, I've held Vanguard GNMA fund for about 20 years, and never been disappointed. Even put my Mom into it. Tends to yield about .5% more than comparable treasuries, and I still can't figure out why. Government National Mortgage Assoc. is 100% federal owned agency, holding no mortgage backed securities. (according to my trusty online financial glossary).

I'd say they are a safe place to park bonds -- I have 5% of the Port there now -- mostly I hold Vanguard Intermediate Term Bond Index, though.

06-15-2005, 07:26 PM	#8
ESRBob Thinks s/he gets paid by the post Join Date: Mar 2004 Posts: 1,303	Charlie, Fwiw, I've held Vanguard GNMA fund for about 20 years, and never been disappointed. Even put my Mom into it. Tends to yield about .5% more than comparable treasuries, and I still can't figure out why. Government National Mortgage Assoc. is 100% federal owned agency, holding no mortgage backed securities. (according to my trusty online financial glossary). I'd say they are a safe place to park bonds -- I have 5% of the Port there now -- mostly I hold Vanguard Intermediate Term Bond Index, though. __________________ ER for 8 years; living off 4.3% of savings (and a few book royalties ;-)