Every time interest rates are low, investors begin to make mistakes. Their desire for safety, yield, and liquidity—all in one asset—almost ALWAYS winds up in disaster, or at the very least, disappointment. With bond rates low, the fear of further rising rates has bond investors wanting to avoid losses there. Bond investors have been losing money for six years. For example, the Vanguard Total Bond fund is below its 2012 level. Bond funds are not safe, and they don’t pay very much income. Which brings us to a breed of cat known as “floating rate senior bank loan funds.” Be very careful here! Floating rate bank loan funds are made up of loans BY banks to smaller, poor-credit corporations. Here is a warning: If an advisor is recommending a product known as floating rate funds or your money is already in one, you don't want to miss today's show. We'll expose the risks, and it may shock you. MASTERING MONEY is on the air!!