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Home / Columnists / Berko / Broker’s advice shows customer comes last (access required)

Broker’s advice shows customer comes last (access required)

Dear Mr. Berko: We have plenty of money but little income. We'd like more income, and our broker recommends we invest $50,000 each – a total of $250,000 – in five different corporate bond funds yielding 4 percent. This would bring us about $10,000 a year in bond income, which is $7,000 more than we get ...

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