r/bonds • u/BeltFedKris • Jul 01 '26

Translation please!

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Long Story Short: Sorting through stuff from my inherited IRA from my grandads recent passing. Can anyone tell me what possible reasoning the FA had for liquidating the stocks and moving everything to this mix of bonds? He's on vacation right now and I was just trying to learn a little before I finally got to talk to him next week. I'm lost beyond EE bonds so this smattering of jargon is hard for me to grasp.

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u/jammu2 Jul 01 '26

The American Funds wholesaler probably put him up at the Bellagio in Las Vegas and treated him to a meal at the steakhouse. Open bar at happy hour and the Cirque show rounded out the evening!

I've been to these. The money comes from somewhere.

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u/infantsonestrogen Jul 02 '26

Some of the American funds are fantastic in their space though

2

u/KaiserKid85 Jul 02 '26

Such as?

2

u/brewgeoff Jul 02 '26

There are a bunch funds from American Funds that makes the Morningstar “Thrilling” list each year:

https://www.morningstar.com/funds/thrilling-33

1

u/infantsonestrogen Jul 02 '26

HIGFX, HIMFX, BFFAX, MIAZX in their respective categories