Perhaps I wasn’t clear. Let me say this differently.Sorry there is a lot of misinformation spread on Boglehead forums regarding bond funds. That is a statement of fact as other Bogleheads have started to realize that they were impacted by the misinformation. Most don't even understand that bond funds are not bonds.
Here are some quotes from a recent thread (12 months after the start of rate hikes) where some are questioning the validity of the statements and theories promoted by Bogleheads:
"Simply saying I’ve seen a lot of confusion on this forum about how bond funds work…, and how they never lose money, because they’re always self-replenishing to keep up with inflationn"
"A lot of bond fund investors seem to have heard the myth that if they hold to duration they'll get their money back."
"It is terrible that this kind of misinformation gets propagated the way it does.
The mathematical origin of that fallacy, of course, is the example that sometimes is used to illustrate the concept of duration that if there is a step change increase in a previously constant interest rate, followed by no further change in interest rate, then there is indeed a point of indifference after time equal to the duration passes. Since a single step change in interest rate over long times never happens, that example is of no practical relevance.
I personally think the best resolution is to somehow shout down the idea that investing in bond funds can somehow be made risk free by some manipulation or placing of conditions on one's use of the investment. I personally think is is much easier and more practical to recognize that investing is risky and deal with it than to try to have one's cake and eat it too by claiming to invest without taking risk."
https://www.bogleheads.org/forum/viewtopic.php?t=399556&start=50
These are their own words, not mine, as they reflect on what has occurred over the past year. You can find even more misinformation with respect to what a bond fund actually earns as many Bogleheads have realized the SEC and YTM (versus distribution yield) are by no means what a fund actually earns.
It doesn’t matter that you can find some words, ideas or posts you disagree with at the Bogleheads. We all can do that, disagreement is part of life. Your comments, though, are unacceptable.
Misinformation is deliberate falsification with the purpose of misleading or deceiving. It’s a very serious accusation. It’s not the same as poorly informed and it’s also not the same as a differing opinion or simply something you disagree with. To accuse and condemn an entire community based on a few posts you disagree with is totally out of line. It’s not appropriate for our forum (or civil society, for that matter). Let’s drop the invective now. And let’s also stop using Bogleheads as a whipping boy. It’s way overdone.
I’ll end this with words my grandfather always said. ”if you can’t say something nice then don’t say nuthin’ at all”.