Like most here, I haven’t apportioned anything towards bonds. However, SPHY is showing a 6.6% dividend yield. Being an ETF, it has 1946 holdings, with its top holding only sitting at .36% of its portfolio. I understand these are not “investment grade” but isn’t the difference in yield and the safety of 2000 holdings mostly mitigate that fact?
What am I missing? (Long term investing, late 20s, 30+ years from retirement)
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