So spooked by the market that you've withdrawn cash from your investments to stuff beneath your mattress? Or do you simply crumple every mutual fund statement without opening?
Yesterday as I sipped my coffee, Payson Swaffield, vice president and chief income investment officer of Eaton Vance of Eaton Vance (NYSE: EV) in Boston, shared with me by phone some current alternatives in fixed-income investments. There are two worlds of fixed-income investments (bonds, essentially), according to Swaffield. One is very low risk and low return. The other is slightly higher risk but has equity-like return possibilities.
First some definitions: A fixed-income instrument is an investment in a bond or another debt security issued by a government or government agency, such as Fannie Mae or Freddie Mac, a municipality, or a private enterprise. Fixed-income investments have traditionally provided lower volatility than equity investments as well as risk diversification, Swaffield says.
Cramer on BloggingStocks: The Fed's push for TARP payback 
Hewlett-Packard reports growth in profit and operating margin in Q4
Google's plan for netbook PCs moves higher into the clouds
