In my 401(k) plan, I have money in Promark Income fund, a stable-value fund. How risky is this type of fund? Also, is this a good substitute for some of the bond portion in a diversified portfolio?
Stable-value funds sure are a lot less risky than being in the stock market. And so far, they've done a great job of maintaining their stability. David Babbel, coauthor of a study on these funds, says none has ever experienced a decline in value.
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