Welcome, blearynet. Glad you could join us.If in an IRA or similar tax advantaged account it probably makes little difference. If in a taxable account, bond funds that pay monthly interest are a pain because you buy new shares automatically with each payment. Then when you sell, the paperwork at tax times becomes a nightmare.It is perfectly acceptable to accumulate your interest payments in a money market account, combine it with other funds from time to time to make a significant purchase. Monthly purchases do give you automatic dollar cost averaging, but you can do almost as well investing at longer regular intervals.I think this is more a question of convenience than real differences in value. Pick the plan that fits your needs.
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