But if you don't use bond funds for the fixed income portion of a portfolio, what do you do?Why have a fixed income portion of your portfolio at all? Is there a law somewhere? OP seems to have written his own Law. in which case, there aren't alot of good choices right now.Bond funds are seldom a good buy, compared to stocks or cash.depending on rates, i like them better than cash (but not as well as actual bonds or CDs)... when rates puked, *i* tried to move from a CD ladder to dividend-stock ladder
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