Are you an income investor with a lot of money tied up in mutual funds designed to give deliver safe, solid returns?

If so, then behold the recent price movement of the Van Kampen Senior Income fund (VVR).

This closed-end mutual fund invests primarily in a portfolio of interests in floating or variable rate senior loans to corporations, partnerships, and other entities, which operate in various industries.

The company’s investment portfolio mainly includes investments in companies operating in consumer discretionary, consumer staples, energy, financials, healthcare, information technology, industrials, materials, telecom services and utilities sectors.

As you can see, this income-oriented investment is not safe, and it’s not steady. In fact, the price performance of this fund is downright ugly.

If you are an income investor, now is the time to re-evaluate all of your holdings. What you thought might be a safe and secure fund may be neither safe nor secure.

For real safety and a proven plan to manage your income assets, I invite you to check out my High Monthly Income advisory service. So far this year, we’ve managed to sidestep the hit most dividend-paying equity funds have taken, and we’ve done so by sticking to a strict plan.

Now more than ever, you have to act in defense of your own money. For more on what my High Monthly Income service is all about, click here.