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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Retirement Investing
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Author: FlyingCircus   😊 😞
Number: of 1282 
Subject: Re: Fixed income/bond investments
Date: 11/04/25 12:24 AM
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No. of Recommendations: 3
Recommend the PIMCO collection of income funds including high-yield CEFs for this purpose.

These funds use varying degrees of leverage to juice the yields, mixed with varying levels of non-investment grade debt. Why PIMCO? They're the best and most experienced at this.

A great forum / community discussing these is over on early-retirement.org, with a few very knowledgeable retired bond fundies discussing the trading and ins and outs of ROC, leverage, NII, UNII, etc. I've learned a lot in the last year and have 1/3 of my portfolio invested in 11+% yields. early-retirement.org - Cef holdings november

They are NOT to be held in a rising interest rate environment. They universally got crushed in '22, but most did not cut dividends (well, PTY did once in la te '21) and have more than recovered.

Again, dividends-reinvested best. (and at Fidelity and a couple of others the reinvestments are at the lowest recent 5-day NAV.)
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This community has written 1,215 posts about Retirement Investing. The article-length ones it recommended most:
The Case for Long-Term Buy and Hold Investing · 49 recs · 2025
Transferring assets to the next generation · 20 recs · 2025
Retirement Year 8 · 17 recs · 2025
(nearly) year one of retirement has been good · 11 recs · 2026
Buying Treasuries Via Vanguard · 10 recs · 2023
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