Have some cash I have to do something with, this is a Fidelity no load
Municipal fund? Modest return. Good-Bad. If you have the time?
You also have a really great forum here, love reading all the opinions
and insight. Thanks
Posted by Bill on January 10, 2010, 7:16 pm
ryker wrote:
> FHIGX
If you think the interest rate on municipal bonds may go up during the
period you plan to hold the fund you need to consider that FHIGX has a
duration of 8 years. That means that for every 1% increase in the
interest rate the price of your fund shares will drop 8%.
--
.Bill.
Posted by HW \"Skip\" Weldon on January 11, 2010, 9:09 am
>If you think the interest rate on municipal bonds may go up during the
>period you plan to hold the fund you need to consider that FHIGX has a
>duration of 8 years. That means that for every 1% increase in the
>interest rate the price of your fund shares will drop 8%.
Where did you find the duration for this fund?
Posted by Bill on January 11, 2010, 3:26 pm
HW "Skip" Weldon wrote:
> Where did you find the duration for this fund?
Among other places, http://in.finance.yahoo.com/q/hl?s=FHIGX. Type
"FHIGX duration" into Google and you will get a number of hits.
--
.Bill.
Posted by Bill on January 11, 2010, 3:28 pm
HW "Skip" Weldon wrote:
>
> Where did you find the duration for this fund?
Also at,
http://content.members.fidelity.com/mfl/compare_frame/1,,FHIGX,00.html?refpr=mflib04
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