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Why don't you start with our FAQs (they don't cost anything).

Here's a link to part 1

Part 2 is about a week back in the posts, and part 3 was yesterday. Part 4, on funds, should be done soon (possibly today).

If you are serious about a "preservation/income stance," you don't need a "winning" bond strategy. If you want to learn how to trade or do bond picking in the low investment grade corporate or junk end, there is a lot to learn. But for preservation, trying to stay above inflation (I'm aiming for 2-3% above inflation, with little risk to principal), you basically need to know what the options are, which are covered in the FAQs, and enough about them to decide which to use at any given time, at least making "best guess."
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