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Nuveen Diversified Dividend and Message Board

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  • ariel113492 ariel113492 Aug 12, 2010 1:20 PM Flag

    Looking for reliable retirement income

    Think that you might look at prime rate bond funds(PPR, FRA or others). Since the fed is going to monitize debt, inflation is right around the corner. This type of bond fund is managed so that dividends go up with any increases in the prime rate. Also, the principle either remains the same or goes up with the rise in interest rates. During a low interest rate enviornment, it behaves more like a corporate bond fund. Currently, both are paying a minimum of 5.70% but the principle is somewhat at risk because they are behaving like corporate bond funds. NOW IS NOT THE TIME TO BUY!

    Also, look at oil & gas trusts like NAT, MARPS, PGH. NOW IS NOT THE TIME TO BUY.

    Throwing these out to you because there is time to research on your own.

    Good luck.

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