Investing For The Long Term: Allan Coleman's Sept 10, 2007 GNMA Update

Monday, September 10, 2007

Allan Coleman's Sept 10, 2007 GNMA Update

Posted on our Facebook Forum by Allan Coleman

Allan Coleman wrote:

As expected , the navs of our favorite Vanguard GNMA funds ( VFIIX & VFIJX ) went UP to $10.26 today .

Observations :

VFIJX = 4.28% ytd with a 5.24% yield
$404k of GNMAs purchased at an average price of $9.95 since June 22nd of 2006 is now worth $426,710.36
VMMXX = 3.60% ytd with a 5.09% yield
On my radar screen is the Vanguard High - Yield ( junk ) bond fund ( VWEAX ) that closed UNCHANGED today at $5.96 a share that I'm waiting to either break through the 50 day moving average and show a turn to the upside or to decline to a lower price . Either way , I feel a purchase price below $6.00 a share is a good value . Especially IF the Fed cuts rates next week .

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