Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited.

Are junk bonds advisable to be inside a bond portfolio that has the objective of generating stable income for a retiree?
I let someone else pick and chose which junk bonds to buy and which to sell. So instead of holding individual bonds in my portfolio I hold an ETF that is managed by a man with a PHD and which buys junk bonds.   I get a yearly 15.5% ROI, paid monthly.  Buy and hold and you can get a good return for the rest of your life. It is only speculation when you sell.