Hi,I just read the book "Outrunning the Bear: How you can outperform stocks and bonds with convertibles" by Greg Miller.Miller makes the case for convertible bonds, showing how they have the income-bearing and low volatility of bonds but the potential to share in equity growth of the stock does well.The book was an interesting read, but it also came across to me as a thinly-vailed attempt to get the reader to invest in his own firms' convertible bond fund. There also wasn't a single mention of the high turnover (102% and 104% for the funds that I looked into) and how tax inefficient that is. Still, it was a good introduction to convertible bonds.Given Miller's vested interest in his fund, I can't help applying a liberal pinch of salt to what I read. So, I thought I'd ask a few Fools... What are your thoughts about convertible bond funds, and how they could fit into a portfolio perhaps as a percentage of the large or small cap stock allocation, and/or the bond allocation?Thanks
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