dessert
Full time employment: Posting here.
Here is a general question I have about investing. I have an IRA that I am not taking anything from at this time. I also have a non-qualified account that I am using for income.
I recently had a good percentage of this account in municipal bond mutual funds that went down about 7% in a short time just on the rumor of the fed stopping their bond buying. My take on it was that I had too much in "one segment of the market", and I sold before it went down even more.
This is the money I am now considering putting into Wellesley.
Would it be unwise to have this account set up 20% money market (for spending) and 80% Wellesley for the dividends and capital gains? I realize that this is not the best move to avoid taxes but it is a balanced fund that pays good dividends and would be more stable.
Just looking for opinions thank you.
I recently had a good percentage of this account in municipal bond mutual funds that went down about 7% in a short time just on the rumor of the fed stopping their bond buying. My take on it was that I had too much in "one segment of the market", and I sold before it went down even more.
This is the money I am now considering putting into Wellesley.
Would it be unwise to have this account set up 20% money market (for spending) and 80% Wellesley for the dividends and capital gains? I realize that this is not the best move to avoid taxes but it is a balanced fund that pays good dividends and would be more stable.
Just looking for opinions thank you.