Bonds are a better option than cash and less volatile than stocks, but investors should be mindful of headwinds and possibly rethink their fixed-income allocations, says Morningstar's Christine Benz.
After heavy flows into fixed income in 2012, investors likely won't see strong capital appreciation in bonds in 2013, says Morningstar's Mike Rawson.
The basics on this rapidly growing investment type.
Stevens Wealth Management CEO Sue Stevens is optimizing diversification among muni, corporate, and Treasury bonds, as well as individual bonds and bond funds.
Investors in mutual funds rushed to bond funds in 2012, shunning stock mutual funds.
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