Investments – GNMA
Hi Terry,
What is your opinion of Ginne Mae funds for income, and as a safe place to keep funds until the equity market becomes stable. Specifically, the Fidelity or Vanguard mutual funds or the GNMA eft. I am 62.
Terry Says
Not my favorite investment now. If rates unfreeze and move lower, people will refi — and the income from these packages of mortgages will go down. And if rates move higher down the road, why be locked into a low-rate product? Don’t stretch for the yield.
