By Marc Lichtenfeld A while back, I was reading an article about bond funds. The subhead read, “The trick next year will be to avoid losing money.”
The first sentence should have been “Don’t buy bond funds.”
What should the line after that have read?
“The end.”
The writer could have saved himself 700 words, taken the afternoon off and caught a matinee. Instead, he wasted readers’ time showing them how little they’d lose if they bought the “top bond funds” featured in the article.
Why are bond funds near-certain losers when bonds are so important to balancing a portfolio? It has to do with the mechanics of …read more
