Good advice, and you brought up some good points I forgot to mention.
Yeah, I realize that every bond fund is going down, which is why I'm not really freaking out, as I know the next downturn in stocks, this will come right back up, as stated. However, right now, I really don't need the bonds in this allocation, as I'm 26 years old. (there are bonds in my retirement portfolio, but this is just for pre-retirement/FIRE investing) It's just something the FA talked me into since there's a tax advantage, and the dividend payout is nice.
Yes, this is in a taxable account, but it's a municipal bond fund, which means that it is slightly tax advantaged. (The interest generated is federal tax-free) Although I (luckily) live in a state with no state income tax.
Due to the huge up-front sales charge, I have gone down from my initial investment, by about 700.
Green guava, I had thought about stopping the re-investing, but I figured that I was hopefully buying more shares at a lower price...though it will be a long time probably until I see the rebound. I do see that it may just be helpful to use that money in the places I want to be. Maybe it would be best to just hold on to this until it comes back up (or breaks even), and use the dividends to invest with, since they aren't going down, and are tax-free. Am I right?
So does any of the above information change any of the thoughts?