This Element is an excerpt from Higher Returns from Safe Investments: Using Bonds, Stocks, and Options to Generate Lifetime Income (9780137003358) by Marvin Appel. Available in print and digital formats.
Beware! Why most bond mutual funds aren't worth the trouble or cost.
Bond mutual funds can be desirable if you want the yield you can get from longer-term bonds but want the freedom to access some or all of your investment in the nearer term. But bewareâ¿¿most bond funds are not worth your trouble, especially those that come with an up-front or back-end sales load or funds with high-expense share classes such as class C shares.