Today I decided that Macon rd partners has too much invested in the Vnaguard Intermediate term bond fund VFIDX and I sold $500,000 of that fund and bought the following:
$250,000 --- VMMXX Prime money market fund
$250,000 --- VFSUX short term investment grade bond fund
The average bond maturity for the intermediate fund is 6.9 years. The average maturity for short term fund is 3.1 years. I think interest rates may rise and so I wanted a shorter maturity. I am apparently now restricted from selling any more of the Intermediate fund until 7-Dec-2010.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment