Anyone know about junk bonds?

[davidpt40]

I read a little blurb about junk bonds a few days ago so I decided to check them out.  Interest rate on some of these bonds are pretty high.  Delta Airlines is paying 11% for 3 years.

Are junk bonds worth the risk or do most of them end up not returning any money?

[Habu]

In a word No they are not worth the risk.

If you really want to invest in them try a fund like that High Yield Bond Fund (symbol HYB.TO) on the Toronto Stock Exchange. It pays about 10% and is heavily diversified so if some of the bonds default you have not lost your whole investment.

[Gadfly]

Go to Vegas-at least you will get free drinks and tits.