When it comes to investing, one has to carefully weigh their options and determine the best course of action for their specific financial goals. In terms of high yield corporate bonds, these can definitely be a good investment for some people, but it really depends on individual circumstances. I’ll use a personal experience to prove my point. I had had a friend who sought my opinion on how to diversify his stock portfolio. I suggested that he take into consideration investing in high yield corporate bonds after assessing his financial status and risk tolerance.

He was initially sceptical, but after conducting his own study and learning about the potential benefits, he made up his mind to try it. After a few years, my friend was very content with his choice of investments. In addition to receiving regular bond interest payments, he also saw an increase in the value of his bonds over time.
Of course, this is just one example, and everyone’s experience will be different. It’s important to remember that high yield corporate bonds come with a higher level of risk compared to other types of bonds because the issuing companies are usually lower rated and have a higher likelihood of default. That being said, for those who are comfortable with taking on more risk in exchange for potentially higher returns, high yield corporate bonds can be a smart investment choice. As with any investment, it’s crucial to do your due diligence and carefully consider your financial goals before making a decision.