Budman
Recycles dryer sheets
- Joined
- Feb 19, 2007
- Messages
- 120
I invested approx. 25% of my porfolio in a high yield bond fund (Fidelity High Income (SPHIX)) 6 months ago. During that time the fund value has increase 7.8% while returning approx. 10% on an annualized basis. I am impressed and I am getting addicted. The fund has over 370 different company bond holdings thereby spreading risk for defaults. I keep thinking this is too good to be true.
I want to know why should I fear this investment.
I want to know why should I fear this investment.