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PHD Buy for rising interest rates—eventually.

December 11

(Scroll up to see new comments in March)  Pioneer Floating Rate Trust PHD is a buy today.  A leveraged closed end fund.  Pays about 7% but the real reason to buy is the anticipation of rising interest rates.  Do your due diligence to see if this is right for you.  Rates will not stay this low forever and when they start going higher, you will be glad you got into this early.  In the meantime you earn dividends.  A single position should never represent more than one percent of the total portfolio.  (Update:  Be aware we may not see rising interest rate for years.)

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