However, rates are terrible right now and that 3% bond due in 2040 at a discount is something you will own to maturity.
For the last two years we have been investing in dividend paying stocks with a 4 handle payout. XOM, D, SO, T, etc.
Basically, we only buy stocks of companies with good balance sheets, good CEOs, and good history of dividend increase/payout.
On top of all that is the CAVEAT that we only buy stocks (pfd) and corporate bonds of companies that SOROS and CHINA CANNOT undermine.
BTW...when T got near 40, we sold 25% from all accounts. We nearly doubled our money and T is having a little trouble. We rolled the money into D, MRO, XOM, PYPL, and TWTR, other growth stocks.
Ole Fred would've TAPPED it out, dingbat.
He might even had Ginger tapping it out with him.
May God bless you.