WIA - Battle Of The Bonds - Municipal And Government Bond Funds
Bonds are an important part of any well-diversified portfolio. This article isn't going into why diversification is important or what the correct stock-bond-property-other split is (the answer, even for apparently quite similar investors is “it depends”). Unfortunately, the bond market is nowhere near as friendly to retail investors as the stock market. Bonds tend to only be available in rather large pieces and there is a lot more small print than with shares. So, most people tend to invest in a bond mutual fund or REITs (which can be great, but are fundamentally property investments