No. of Recommendations: 6
Formal ladders have their disadvantages, but the basic idea of holding a group of bonds with different maturities still has merit. Its a reasonable diversification strategy that also stabilizes your portfolio income stream.

Perhaps this is true of many textbook investing examples. You don't have to copy the textbook example exactly. If you understand the principle and apply it in your portfolio generally, the textbook has served its purpose.
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