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Tag Archives: junk-bond funds

DUMP YOUR JUNK

In our July issue (p. 11), I said you should close out your junk bond mutual funds if they didn’t surmount their 200-day moving averages by July 16. It now looks as if that isn’t going to happen. You have my blessing to sell Vanguard High-Yield Corporate (VWEHX), Strong High-Yield Bond (STHYX) and any other junk-bond funds you may own, effective immediately.