We hold no bond fund positions at this time, but maintain bond ladders that were constructed for specific purposes. We have deployed a portion of the money from bond positions into dividend index funds and high quality, large-cap, above average yield stocks with a long-term history of consistent payment and dividend growth. As a result, we have received a number of questions. This report provides some background information on our thinking about that decision. This will serve as a good jumping off point for our individual discussions.
Dividend Yield Return vs Price Return in Stocks