I was suggested me to move the short term bond fund to long term bond fund. Some money is in my IRA and some in my brokerage account, which I don't need to use the money any time soon. They are both long term investment.
I am not an experienced fixed income investor. AFAIK, lower interests rate usually means long term bond fund is better. However, I believe the rate cut might have been priced in the fixed income fund. Is it too late to make this move. Or as the interest rate is expecting to continue going down, even it might be late, it is still worth doing this even it is late.
Will really appreciate your advise.
Submitted September 09, 2024 at 01:08AM by veetowner https://ift.tt/oqSVF5k
