Kinnel: Go with Pimco and Vanguard Totals

Russel Kinnel, Morningstar director of fund research, appeared on CNBC's "Squawk on the Street" to recommend some mutual funds.

He likes:

Pimco Total Return Fund

Vanguard Total Stock Market Fund

But he warned against two TIPS based funds:

Pimco Real Return A

Vanguard Inflation-Protected Securities

Click here to see his full interview.