A good collection of Miths made by WSJ. If you are an individual investor and thinking to build a proper bond portfolio, take a look at these ideas. Also, the disussion at the end of the paper is great!
Myth No. 1: Bond investors will suffer huge losses when interest rates rise.
Myth No. 2: Investors who need income must own "bond alternatives."
Myth No. 3: Municipal bonds and funds are safe diversifiers for a stock portfolio.
Myth No. 4: Actively managed "go anywhere" funds will outperform in a bad market.
Myth No. 5: Individual bonds are better than bond funds.
http://www.wsj.com/articles/SB10001424052702303636404579395543442224618
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