Posted AT 12:00 AM EST on 05/05/07
Are bond funds just for schlubs?
Be a schlub – buy a bond fund.
That's how the elitists in the personal finance world think. They say it's much smarter to buy bonds directly than to invest in a bond fund, where high hefty fees erode returns that are already on the scant side because interest rates are so low.
All of this is pretty much true, but it ignores three important realities.
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