No. of Recommendations: 0
I fail to see how a bond fund is any more convenient than a CD ladder. I think people need to weigh liquidity, after-tax yield, risk, and potentially capital return in judging which bond/fixed-income asset to choose. Bond funds are subject to interest rate risk, which is not true if you ladder bonds or CDs and hold to maturity.

Bond funds are more convenient because you do not have to plan ahead for when you need the money. If you fail to plan with a ladder, then you run the risk of having to sell before maturity.
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