High Yield Bond Funds: Invest/Trade Like Stocks

It is always recommended that you must continue to invest in bonds
as a strategy for diversification. As an individual investor, you may wish
to have some bond fund which you can trade at your convenience
just like you do for stocks.

Well.. here are names of four such funds which you can trade just like
stocks. Their closing prices on last Friday are indicated below. One
advantage of these investments is their high dividend income. The annual
percentage yield based on their current prices are given in brackets.
The full dividend or some part of it may come as tax-free income to you.
So, you may consider such investments not only for your retirement
funds, but also for your taxed brokerage accounts too.

Pioneer Tax Advantage Balance Trust (PBF) $13.09 (6.30%)
Saloman Brothers Capital & Income Fund (SCD) $16.18 (7.42%)
Hancock John Tax Advantage Dividend Income (HTD) $17.23 (6.23%)
Insured Municipal Income Fund (PIF) $12.77 (5.17%)