I admit it. I am prejudiced against bond funds. Not because I think the managers are stupid. I just ...
I admit it. I am prejudiced against bond funds. Not because I think the managers are stupid. I just think they're too exciting. Little old widow Ginny Jones needs to squeeze as much income as she can out of her inadequate capital. She needs capital security and a high income. She needs bonds. But when her money goes into a typical corporate bond fund, what does she get? A whole stack of risks which I'm barely able to comprehend and monitor, let alone her. Her capital is at risk in a way it wouldn't be if she bought a couple of bonds directly. It's not just the price going up and down- tha...
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