Already have an increasing interest rate plan. Already planning to temporarily bail FSICX as mentioned when rates go up. Also will invest in TBF, which is the inverse of the long bond. When bond yields go up, this fund will go up 1:1. It's unleveraged.
This find DOES NOT SUCK; you, my friend have no idea of what you are doing,or talking about, nor do you belong in the investment industry! Put you money in a .20% Money Market Fund where the rest of people like you belong! Now, I would not waste another second trying to explain any thing to a person, of no knowledge, like YOU!
Anyone know if this will help us on Monday?
"NEW DELHI, July 31 (Reuters) - India will auction 120 billion rupees ($2.5 billion) of bonds on Aug. 7, a finance ministry statement said on Friday.
India will offer 40 billion rupees of 6.49 percent 2015 bonds, 60 billion rupees of 6.9 percent 2019 bonds and 20 billion rupees of 7.4 percent of 2035 bonds, it said. ($1=48 rupees) (Reporting by Rajkumar Ray and Rajesh Kumar Singh; Editing by Himani Sarkar)"
I am in it for the dividends. Just in a few weeks back, up 3.65% since July 2, not bad.
We just got a 4 cent dividend today on this fund. I'll take it but just got a 7 cent Dividend on ADVDX and that is only 4.80 a share.
This FSICX seems like a safe long term investment to me. I'm up but this will never be a big gainer like a stock fund, also never going to tank in one day like some others.