08-18-2014, 11:27 PM
(08-18-2014, 11:53 AM)Slowlife Wrote: It seems like, if my goal is to build a diversified portfolio, I should avoid paying someone else and do it myself. But what about an ETF like JNK (I literally know nothing about this other than it invests in bonds, pays a distribution and takes it's cut via the expense ratio)? If I get exposure to bonds and it pays me to hold the position would I want to add more diversification that way?
I'm not understanding your wanting to add a bond ETF to your portfolio. If you are interested in personally selecting your long term business partners for your portfolio, and feel that dividend growth is the framework with which you'd like to do it, why would you want to buy a bond ETF in a likely rising interest rate environment?
This is like asking: I really want to buy a selection of cows for my dairy herd, what kind of pig should I add so my selection of livestock is diversified?