Quote:
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Originally Posted by qba335i
Quote:
Originally Posted by mbanks21
I'd rather do a high yield bond fund at 4.5% vs a CD at 0.3%
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You know those assets have different risk profiles? They have nothing in common besides being in a fixed income asset class.
What is the spread on HY now? What exposure are you getting? FYI Time to buy HY was in 2016, not now...
OP,
Since this is your down payment money just buy a money market fund and call it a day. Taxable should yield you around 1% - alternatively if you are in a highly tax bracket buy a muni money market (equivalent rate should be 1.3-1.4?). |
I'm aware of the risk profiles, I was saying between those two options I'd take a hy fund paying 10x a cd