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<title><![CDATA[Vanguard High-Yield Corporate Adm]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/forumview?bn=29826</link>
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<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/forumview?bn=29826</link>
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<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=42&amp;tof=1&amp;off=1</link>
<description><![CDATA[Why blame Vanuguard?   The economic situation in the world is what it is.   Deal with it.   Blame yourself for not putting it in the mattress, but don't blame Vanguard.   Part of the problem with America today - BLAME SOMEBODY ELSE.   Good grief!]]></description>
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<pubDate>Thu, 13 Nov 2008 18:53:56 GMT</pubDate>
<author><![CDATA[igurumo]]></author>
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<title><![CDATA[Re: Turned the corner??]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=40&amp;mid=41&amp;tof=2&amp;off=1</link>
<description><![CDATA[I know nothing, either.   

I've been in this fund for a long time and I've been disappointed with the gradual erosion of the NAV but these last few weeks have made me literally sick from anxiety.

I hope that things are at least going to stabilize now.   

Good luck to us all.]]></description>
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<pubDate>Thu, 23 Oct 2008 15:16:17 GMT</pubDate>
<author><![CDATA[c_lmcclure]]></author>
</item><item>
<title><![CDATA[Turned the corner??]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=40&amp;mid=40&amp;tof=3&amp;off=1</link>
<description><![CDATA[has the world of credit started to turn??
i claim to Know nothing , but it today   appears that the low of 4.28 on fri may have been the low... but i am not going out and buying a car or nothing..
 i have been investing since 1991 nd this last several months have been the worst i recall..
 GLTA.. don]]></description>
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<pubDate>Thu, 23 Oct 2008 15:16:16 GMT</pubDate>
<author><![CDATA[dkwilk]]></author>
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<title><![CDATA[Re: One external factor]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=38&amp;mid=39&amp;tof=4&amp;off=1</link>
<description><![CDATA[well i am not buying today.. but i am not selling either.. i did see that today is 2 days in a row where the fund went UP in price..
 in this day and age just keeping   NAV at a even price is a bonus..don]]></description>
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<pubDate>Tue, 21 Oct 2008 22:27:22 GMT</pubDate>
<author><![CDATA[dkwilk]]></author>
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<title><![CDATA[One external factor]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=38&amp;mid=38&amp;tof=5&amp;off=1</link>
<description><![CDATA[Apparently hedge fund redemptions and margin calls
have an effect on bonds as well as equities.
Of the 30 plus billions in hedge fund redemptions in September, almost 1/2 were from those hedge funds specializing in distressed securities (i.e. That would mostly be high yield debt!).

The appearance is that spreads are abnormally wide, while in reality, the market cannot absorb
these sales much in the same way as equity sales
push down all the averages! 

Selling the fund now, might be the equivalent
of selling the Dow at 8000 after all the damage
has been done! JMHO]]></description>
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<pubDate>Tue, 21 Oct 2008 22:27:22 GMT</pubDate>
<author><![CDATA[gurdjieff2000]]></author>
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<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=37&amp;tof=6&amp;off=1</link>
<description><![CDATA[Including dividends paid, it's down 20% for the
year, in line with other Hi Yield corp funds, and
ETFs!
In for the ride, or take your losses, I'm undecided on that big question! Vanguard COULD
have opted to hedge 20% of the fund, and obviously
did NOT! Bunch of ivory tower fund managers who
are sitting on past performance!]]></description>
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<pubDate>Sat, 18 Oct 2008 05:41:44 GMT</pubDate>
<author><![CDATA[gurdjieff2000]]></author>
</item><item>
<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=35&amp;tof=7&amp;off=1</link>
<description><![CDATA[Hey all,

I was the *foist* one posted. Although I've held onto VWEAX for years, I've pretty much given up generating passive income on this and have sold off 50% of my holding, dropping me to VWEHX. Today I will unload another 50% of my current VWEHX holding and thus I will hold only about 23% of what I had held before this current big crash.

I see this div in the range above 10% for years to come, maybe more as credits tighten. Furthermore, with defaults coming (recession is imminent...there is no way recession will not occur due to deleveraging), you'll see NAV erosion as well.

I hope I'm wrong above....but I'm only betting 23% of my original investment against it.]]></description>
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<pubDate>Mon, 13 Oct 2008 18:13:26 GMT</pubDate>
<author><![CDATA[chow_mai_dong]]></author>
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<title><![CDATA[dividend calculation]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=34&amp;mid=34&amp;tof=8&amp;off=1</link>
<description><![CDATA[does anyone know exactly how the dividend is calculated?]]></description>
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<pubDate>Thu, 09 Oct 2008 23:49:28 GMT</pubDate>
<author><![CDATA[coco78channell]]></author>
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<title><![CDATA[Re: Semi-Annual Report]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=24&amp;mid=33&amp;tof=9&amp;off=1</link>
<description><![CDATA[Thank you for sharing your email to Vanguard.
I am in a similar position, retired and looking
for income! After reading your message, I too sent a secure message to Vanguard, with substantial copy and paste from your email. I added a few caustic comments of my own alluding to the disclaimer that Vanguard provides that requires the new investor sign off that he/she has read the prospectus before investing. I suggested that Vanguard require the same from the fund manager, especially in light of such
negative performance starting with his tenure!

If I receive a reply, I will post it here!]]></description>
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<pubDate>Mon, 06 Oct 2008 22:24:56 GMT</pubDate>
<author><![CDATA[gurdjieff2000]]></author>
</item><item>
<title><![CDATA[Re: Semi-Annual Report]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=24&amp;mid=32&amp;tof=10&amp;off=1</link>
<description><![CDATA["I pray the new fund manager makes the best possible decisions in these trying times."

I have been a long term investor (now retired) in this fund for income purposes. When Mr. Earl McAvoy retired, I sent a secured email to Vanguard questioning Mr. Michael Hong's abilities to take over this fund. I got rave reviews about his qualifications. Since Mr. Hong has taken over, the SP is down $0.62. That is within 3 months of being captain of this ship.   Yes, I fully understand the current conditions, and do not fault Mr. Hong for any of these conditions. However, I do fault Mr. Hong for not taking steps to protect my principle. I would gladly give up some monthly income and still have the 12% decline in principle sitting in my portfolo.

In reading the prospectus again, I found a clause that Mr. Hong could have freely utilized to protect our principle. He either is not aware of it, or chose to sit on his hands.   The prospectus states; " In addition, the fund may take temporary defensive
positions that are inconsistant with its normal investment policies and
strategies-for instance, by allocating substantial assets to cash
investments, commercial paper, U.S. Treasury securities, or other less
volatile instruments-in response to adverse or unusal market, economic,
political, or other conditions."

I sent another email to Vanguard on Friday questioning Mr. Hong's inaction.   I haven't received an answer back as yet.   

In my humble opinion, we are in the worst financial crisis since the great depression.   Mr. Hong could have taken proper action to somewhat preserve our principle.   He chose to do nothing.]]></description>
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<pubDate>Mon, 06 Oct 2008 22:24:56 GMT</pubDate>
<author><![CDATA[molly.1555]]></author>
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<title><![CDATA[Re: Semi-Annual Report]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=24&amp;mid=31&amp;tof=11&amp;off=1</link>
<description><![CDATA[Even declines due to defaults represent value
over time given that the bond holder "may" take
an equity position in lieu of payment for debt.
I don't know what the position is of the fund,
but if I were a manager, I'd for sure NOT dump any holdings into this sell off!

SOME of the decline represents hedge fund sales,
and mutual fund withdrawals.
This will be self reversing over time as credit
spreads narrow. For those still invested, it does the resolve and ability to watch your paper
assets shrink!

My year to date returns on all my bond funds is
negative as I hold no US Gov't only funds sad to
say!]]></description>
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<pubDate>Sat, 04 Oct 2008 19:49:01 GMT</pubDate>
<author><![CDATA[gurdjieff2000]]></author>
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<title><![CDATA[Re: Semi-Annual Report]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=24&amp;mid=30&amp;tof=12&amp;off=1</link>
<description><![CDATA[If the decline represents defaults on the bonds, this is a permanent loss in value.

If it represents declines in values of the bonds, there can be a recovery in value

Are the above statements correct?   Why or why not?

Thanks]]></description>
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<pubDate>Sat, 04 Oct 2008 19:49:01 GMT</pubDate>
<author><![CDATA[gmcrall]]></author>
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<title><![CDATA[Re: Semi-Annual Report]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=24&amp;mid=29&amp;tof=13&amp;off=1</link>
<description><![CDATA[I've held it for a long time, and plan to keep holding but that doesn't mean I'm not worried.   I'm doing pretty well maintaining my peace of mind but it ain't easy.]]></description>
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<pubDate>Thu, 02 Oct 2008 14:01:06 GMT</pubDate>
<author><![CDATA[c_lmcclure]]></author>
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<title><![CDATA[Re: Semi-Annual Report]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=24&amp;mid=28&amp;tof=14&amp;off=1</link>
<description><![CDATA[It is good to read someone else has held this fund for a long time and isn't worried. However, watching the NAV go below $5.00 is getting scary. I pray the new fund manager makes the best possible decisions in these trying times. I pray peace of mind for all those who are worried.]]></description>
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<pubDate>Sun, 05 Oct 2008 23:02:03 GMT</pubDate>
<author><![CDATA[coco78channell]]></author>
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<title><![CDATA[Re: Semi-Annual Report]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=24&amp;mid=27&amp;tof=15&amp;off=1</link>
<description><![CDATA[It's really sad what has happened to the hi-yield market in general. There are no IPO's and no M&A acctivities that could be financed with hi-yield bonds. That's not good. Heck,we may not even be able to send the kids to college without the credit markets getting unstuck. I'm concerned that these types of funds will get so low in NAV that they will have to be closed. Pray that the Congress will get their act together and act responsibly. However,I think it may be too late no matter what they do. Hope I am wrong.]]></description>
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<pubDate>Wed, 01 Oct 2008 22:20:40 GMT</pubDate>
<author><![CDATA[therightstuffer]]></author>
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<title><![CDATA[Re: Semi-Annual Report]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=24&amp;mid=26&amp;tof=16&amp;off=1</link>
<description><![CDATA[This fund has not missed a dividend in 35 years. I have owned this fund for 15 years. I look at the low NAV as more shares with each divie. I will wait for it to return and it will!]]></description>
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<pubDate>Thu, 02 Oct 2008 09:05:50 GMT</pubDate>
<author><![CDATA[estero22000]]></author>
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<title><![CDATA[Re: Semi-Annual Report]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=24&amp;mid=25&amp;tof=17&amp;off=1</link>
<description><![CDATA[ALL credit is selling off, and the hi yields the
most, given the lower credit ratings! The fund is
pricing in major risk of recession and defaults.
Other than that, things are just great!]]></description>
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<pubDate>Wed, 01 Oct 2008 00:35:28 GMT</pubDate>
<author><![CDATA[gurdjieff2000]]></author>
</item><item>
<title><![CDATA[Semi-Annual Report]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=24&amp;mid=24&amp;tof=18&amp;off=1</link>
<description><![CDATA[The report is now available at Vanguard.com

I don't pretend to understand most of it, but I did note that it is 'properly' worded regarding risk, market unpredictability, blah blah...

Is anyone worried that our yields will go up, but our share price will drop to nil?

I'm truly concerned about this fund.   Please someone, make sense of this dismal '08 performance for me.]]></description>
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<pubDate>Mon, 06 Oct 2008 22:24:56 GMT</pubDate>
<author><![CDATA[buy4long]]></author>
</item><item>
<title><![CDATA[Re: VWEAX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=19&amp;mid=23&amp;tof=19&amp;off=1</link>
<description><![CDATA[The 9% yield is only the SEC yield. Actual monthly dividend yield is closer to 8%. Still good, but not 9%.]]></description>
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<pubDate>Sun, 24 Aug 2008 16:05:26 GMT</pubDate>
<author><![CDATA[blairdhff]]></author>
</item><item>
<title><![CDATA[Re: VWEAX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=19&amp;mid=22&amp;tof=20&amp;off=1</link>
<description><![CDATA[I've been buying more at the current (5.49) level and don't
mind the paper loss and here's why:
1. The current yield of 9+% looks a lot better than sub 2% of
money markets.
2. There are NO subprime time bombs here. This is a plain vanilla high yield fund and buying now lets you get more
than paid for the risk of downgrades and defaults.
3. The long term avergae performance of the fund is 5%+.
Just on the propect of reversion to the mean, this fund will
outperform money markets even with erosion of principal!
I can see this fund back at NAV=6 early next year!]]></description>
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<pubDate>Sun, 24 Aug 2008 16:05:26 GMT</pubDate>
<author><![CDATA[gurdjieff_2000]]></author>
</item><item>
<title><![CDATA[Re: VWEAX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=19&amp;mid=21&amp;tof=21&amp;off=1</link>
<description><![CDATA[I bought a bundle of this at $6.20 and made a bundle. Lost some principal when I sold it but more than made up for it in monthly income. I'm ready to buy in again. This looks like a bargain to me!]]></description>
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<pubDate>Tue, 29 Jul 2008 20:46:59 GMT</pubDate>
<author><![CDATA[bullishbare]]></author>
</item><item>
<title><![CDATA[Re: VWEAX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=19&amp;mid=20&amp;tof=22&amp;off=1</link>
<description><![CDATA[No chance of it "going under."   BUY more with that high yield you are receiving.   Dan Wiener (Independent Advisor for Vanguard Investors) recently upgraded this to a buy.   This fund will do VERY well over the next couple of years.]]></description>
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<pubDate>Sat, 12 Jul 2008 12:30:40 GMT</pubDate>
<author><![CDATA[igurumo]]></author>
</item><item>
<title><![CDATA[VWEAX]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=19&amp;mid=19&amp;tof=23&amp;off=1</link>
<description><![CDATA[Any chance of this fund going under?

Help me...I'm dying here!]]></description>
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<pubDate>Sun, 24 Aug 2008 16:05:26 GMT</pubDate>
<author><![CDATA[YANKEE714]]></author>
</item><item>
<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=18&amp;tof=24&amp;off=1</link>
<description><![CDATA[I think the easiest way to illustrate my point is to compare the 1 year return to Vanguard's intermediate treasury bond fund (+10.91%) vs. intermediate term investment grade (+5.41) vs. high yield corporate (-1.10).   I didn't mean to deny that risky bonds have fallen in price.   They certainly should given the increased credit risk (though Vanguard HY has mostly industrials rather than financials, and has relatively high quality for a HY fund.)   But there has also been a massive flight to treasuries, as you describe well in your own message.   I personally think that in this inflationary environment the "safety" of treasuries as an investment is not very high.   Yes, you will certainly get principal and interest--it's just that inflation will greatly erode the return.   When investors start giving this more weight, I think that the flight to these (now) very low yielding treasuries will diminish and T bond prices are likely to drop.   (This is an "everything else equal" statement--if the Fed lowers interest rates to stimulate the economy all bonds would rise.   But I think the Fed would be ill advised to do so, given the risk of inflation.)

One issue with Vanguard HY is that it tends to behave more like a stock than a bond. So, one might ask, why not just buy stocks?   Well, that's what I'm doing now, adding to holdings of solid, dividend paying companies like GE.   (I also am buying some solid foreign financial companies like AXA and BBV).   But any portfolio needs some monies in bonds.   Personally, I have light-weighted long term bonds, esp. treasuries, in favor of Vanguard ST Corporate and have most "bond" monies in CDs and money market funds. (The issue now is that current yields on both the latter are very low.) And I shifted funds in January from ST Corp to HY. 

Frankly, I would have done better to have implemented this inflation motivated policy today rather than a year ago, but that's just sunk costs.   I just wouldn't advise anyone to buy long bonds today, especially treasuries.

Incidentally, there's some pretty good discussion of VWEAX on   <a href=http://www.bogleheads.org>www.bogleheads.org</a>

Best of luck.]]></description>
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<pubDate>Sat, 21 Jun 2008 17:54:32 GMT</pubDate>
<author><![CDATA[nemontemi99]]></author>
</item><item>
<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=17&amp;tof=25&amp;off=1</link>
<description><![CDATA[Nice post nemotem.   Please clarify nemontem the following statement "It's less the fall in price of risky securities as the rise in the risk less ones."

Huge flows to the treasury bills, notes, and bonds indicates US a long way from the bottom of this serious credit mess.   CDO's, MBS's, CDS's, alt A, and now the deterioration of the commercial real estate markets, along with the trashing of the dollar, leads to an unhealthy investment environment.

Question and opinions from other posters:

There is and inverse relationship between bond prices and yields.   When bonds go up in price, yields go done, and vice/ verse.   Does this apply to VWEAX, and or are there other factors that affect the NAV of this fund?

 For those of us getting up in our years the following quote is interesting:    "The long run is a misleading guide to current affairs.   In the long run we are all dead."   John Maynard Keynes

Best of luck to all.   tsuare]]></description>
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<pubDate>Sat, 21 Jun 2008 17:54:32 GMT</pubDate>
<author><![CDATA[tsuare48]]></author>
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<title><![CDATA[How did I forget?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=16&amp;mid=16&amp;tof=26&amp;off=1</link>
<description><![CDATA[I own 23,045,673 .   It's nice coming back, but I am still down $745,800.   It will come back, plus I'm getting a few bucks   income every month.   Love it!

JerB]]></description>
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<pubDate>Sun, 04 May 2008 23:38:08 GMT</pubDate>
<author><![CDATA[jerbear4343]]></author>
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<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=14&amp;tof=27&amp;off=1</link>
<description><![CDATA[I sure wish I knew...help!]]></description>
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<pubDate>Wed, 12 Mar 2008 22:01:30 GMT</pubDate>
<author><![CDATA[YANKEE714]]></author>
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<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=13&amp;tof=28&amp;off=1</link>
<description><![CDATA[I'm certainly not putting a large proportion of total assets into this fund, but it seems timely to me.   I've already diverted some money to it from a short term bond fund and plan to put in a bit more from a money market fund. What I find attractive now is what seems to be a widening between the return on this fund and the "risk-free investment" (T bills or bonds).   It's less the fall in price of the risky securities as the rise in the riskless ones. I think it is in part due to huge international capital inflows into the Treasury bill/bond market.   Buying a 10 year T bond in this inflationary environment at the low interest rates now available strikes me as a really bad choice.   So I'm keeping the fixed income part of my portfolio partly in MMs, partly in short term corporate bonds, and partly in VMEAX.]]></description>
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<pubDate>Wed, 11 Jun 2008 17:49:02 GMT</pubDate>
<author><![CDATA[nemontemi99]]></author>
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<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=12&amp;tof=29&amp;off=1</link>
<description><![CDATA[I've owned High Yield Corp for a long time and have been most pleased with it's distributions which are still very good.   Looking at the chart, one can see that it is drawing a classic pennet that is now coming to a point.   I look at this down turn as a BUYING OPPERATUNITY.   I guess you could say that I'm "bottom fishing" and the time is getting close to move some cash reserve over to High Yield Corp.   Good luck, people!   Hummm...]]></description>
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<pubDate>Tue, 11 Mar 2008 12:14:39 GMT</pubDate>
<author><![CDATA[n4eu]]></author>
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<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=11&amp;tof=30&amp;off=1</link>
<description><![CDATA[Here is my strategy!   I BUY it (like now) when the price is low and the yield is high!   I hold it and reinvest my dividends.   When the economy is surging again and the price rises I sell it and put the proceeds into Vanguard Prime Money Market.   I reinvest the interest (normally at a higher rate)and wait for High Yield to come back down.   It has worked like a charm for me.   Sometimes I wait three or four years, but it has ALWAYS worked out well.   Right now, I am buying High Yield and reinvesting the dividends in more high yield.]]></description>
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<pubDate>Thu, 28 Feb 2008 19:50:14 GMT</pubDate>
<author><![CDATA[igurumo]]></author>
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<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=10&amp;tof=31&amp;off=1</link>
<description><![CDATA[To replace the income, I plan to invest in VFSTX and maybe VBIIX and VWESX. I already own shares in VBTIX and also use that dividend as income.   Also we can collect my husband's social security at any time (but would prefer to wait 2 years for the full amount).   For now I think I'd rather have a lower monthly income than look at the continual erosion of capital value in VWEHX.

As far as buying VWEHX when it is gloomiest and selling when it's brightest goes, it hasn't been at its brightest for years.   Everytime I've bought into it over the years, the NAV has gone down.   I really don't think you can count on it going up very far for the forseeable future--but I hope I'm wrong about that.]]></description>
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<pubDate>Thu, 28 Feb 2008 19:50:14 GMT</pubDate>
<author><![CDATA[c_lmcclure]]></author>
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<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=9&amp;tof=32&amp;off=1</link>
<description><![CDATA[Well, call me a contrarian, but I am continuing to BUY!   It has always worked in the past.   I am reinvesting the dividends and adding more when I can.   Buy when it is gloomiest and sell when it is the brightest.   Like I say, it has always worked for me.]]></description>
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<pubDate>Thu, 28 Feb 2008 15:28:35 GMT</pubDate>
<author><![CDATA[igurumo]]></author>
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<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=8&amp;tof=33&amp;off=1</link>
<description><![CDATA[I'm curious how, in the current environment, you plan to replace the income.]]></description>
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<pubDate>Thu, 28 Feb 2008 14:19:18 GMT</pubDate>
<author><![CDATA[excapnal]]></author>
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<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=7&amp;tof=34&amp;off=1</link>
<description><![CDATA[I've owned this fund for a long time, and am retired also.   I'm currently not reinvesting the dividend, because it makes up part of my monthly income.

I haven't worried much about the declining NAV in the past but I am worrying about it now.   I remember when it was up around $8.00, and these days we're lucky to see it in the low $6.00 range.

I'm holding for now, but if and when it hits $6.00 again, I think it's going to be time for me to have my own 'flight to quality'.]]></description>
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<pubDate>Thu, 28 Feb 2008 03:08:57 GMT</pubDate>
<author><![CDATA[c_lmcclure]]></author>
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<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=6&amp;tof=35&amp;off=1</link>
<description><![CDATA[I'm retired and have owned this fund for 10+years. It has been around since the 1970's and never missed a dividend. I look at the low NAV as a chance to buy more shares by reinvesting the dividends.I have seen it at $5.50 some years back. Maybe I should worry... but I don't!]]></description>
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<pubDate>Wed, 27 Feb 2008 15:57:53 GMT</pubDate>
<author><![CDATA[estero22000]]></author>
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<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=5&amp;tof=36&amp;off=1</link>
<description><![CDATA[I just bought in at $5.75!   I cannot pass up this yield.   Best time to buy this fund is when things look the bleakest.   That is now!   IMO!]]></description>
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<pubDate>Wed, 27 Feb 2008 12:57:35 GMT</pubDate>
<author><![CDATA[lewisbradshaw99]]></author>
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<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=4&amp;tof=37&amp;off=1</link>
<description><![CDATA[Heck yeah, Im worried.   I just retired and need income.   Vanguard's quarterly newsletter assures us that they have no toxic waste in their portfolios yet when you look at what's in this junk bond fund, there's plenty of potentially shaky looking stuff.   Couple that with a paragraph from the Safe Haven website:
And what are the chances of a recession? According to the futures markets, it is now just under 50%. A friend at a big bank who creates an index of high-yield bonds says his index's pricing indicates that the market expects 40% of his companies to default. Pimco's Bill Gross claims that "we haven't faced a downturn like this since the Depression...It does keep me up at night."
This makes me not want to toss my nest egg in there just yet.   CDs at 4.75% look just fine for now.]]></description>
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<pubDate>Fri, 25 Jan 2008 19:03:54 GMT</pubDate>
<author><![CDATA[commish2525]]></author>
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<title><![CDATA[Re: Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=3&amp;tof=38&amp;off=1</link>
<description><![CDATA[i sold at 6.08 i dont like holding junk bonds in bad credit times look around banks are in trouble, stocks are falling we might see bad things in near term ,,,,,,,,,lol]]></description>
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<pubDate>Tue, 20 Nov 2007 23:18:31 GMT</pubDate>
<author><![CDATA[gmns888]]></author>
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<title><![CDATA[Any investors worried?]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=2&amp;mid=2&amp;tof=39&amp;off=1</link>
<description><![CDATA[Anyone have any idea where this fund might end up?]]></description>
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<pubDate>Thu, 13 Nov 2008 18:53:55 GMT</pubDate>
<author><![CDATA[eleveroon]]></author>
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<title><![CDATA[sweet!]]></title>
<link>http://messages.finance.yahoo.com/Mutual_Funds_%28A_to_Z%29/Mutual_Funds_V/threadview?m=tm&amp;bn=29826&amp;tid=1&amp;mid=1&amp;tof=40&amp;off=1</link>
<description><![CDATA[foist :-)

Strong buy and hold.]]></description>
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<pubDate>Thu, 25 Jan 2007 22:25:53 GMT</pubDate>
<author><![CDATA[chow_mai_dong]]></author>
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