Hello! I just signed up and need some input. I'm 43 and started investing about 12 years ago, but left a taxable account dormant until last year when I was left two IRAs from my folk's passing and added to the taxable account as well. One of the accounts is managed at JP Morgan where the adviser suggested PONAX/PIMIX respectively. On his suggestion, I set up all 3 accounts with PONAX as my core fixed income holding. My questions are:
1. Ever since I set them up, they've been losing a little each day (Ugh!, although the monthly dividends are good). I understand about the rising interest rates, but should I be concerned? This money won't be touched for a good 20 years and of course I want performance, but mostly peace of mind for the long haul.
2. Should I consider diversifying my fixed income with something other than PIMCO, such as a total bond fund like Vanguard, or anything else? I like simplicity, but concerned about all my egg's in one basket.
As an amateur, I'm here for education, so will mostly be in lurker mode. Many thanks! Starchild.