audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I don’t agree that the lesson is to avoid bond mutual funds. There may be a lesson is to avoid bond ETFs.
If you want to directly buy US government backed bonds, fine. You can also find bond funds that do the same for extremely low ERs.
For more diversified bond holdings, I still prefer a core bond index fund to individual issues. I’m not interested in owning munis directly, or corporate bonds directly. I want a lot of diversification.
I still like the liquidity of bond funds in spite of the mark-to-market nature of them. I will sell bond funds to buy stock funds when stock funds get hammered so I need the liquidity.
If you want to directly buy US government backed bonds, fine. You can also find bond funds that do the same for extremely low ERs.
For more diversified bond holdings, I still prefer a core bond index fund to individual issues. I’m not interested in owning munis directly, or corporate bonds directly. I want a lot of diversification.
I still like the liquidity of bond funds in spite of the mark-to-market nature of them. I will sell bond funds to buy stock funds when stock funds get hammered so I need the liquidity.
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