The Bottom Line Bond mutual funds provide investors with diversification, professional management, liquidity, and an income stream. While they offer advantages over individual bond investments, they are not without risks. Alternatives to bond mutual funds include equity funds, asset allocation funds, and...
Most “high bracket” investors love the idea of tax-free muni bonds. But they aren’t sure where to buy them and often end up using exchange traded funds (ETFs) as their vehicles of choice. Bad idea. Muni ETFs provide a smooth but unfulfilling ride. They don’t use leverage, and whe...