Morningstar's Guide to Fixed-Income Investing
Tips, strategies, and picks for better bond investing.
Bonds are no longer the wallflowers at the dance.
Combined, taxable-bond and municipal-bond funds enjoyed inflows of nearly $519 billion in 2019, dwarfing the inflows to U.S. equity funds during that same time.
What's the allure?
For those investors at the precipice of or in retirement, bonds are a must-own. They add much needed ballast to a portfolio during the drawdown phase. Depending on type, bonds can provide portfolio diversification benefits to those investors far from retirement, too. And they're useful for anyone who's funding a shorter-term goal.
Yet investing in bonds can be confusing. Should you stick with high-quality bonds or dabble in lower-quality fare? Go taxable or tax-free? Long or short? Bonds or bond funds? Or maybe you don't even need bonds at all, but you're not quite sure.
Morningstar's Guide to Fixed-Income Investing is designed to help answer those questions. Here you'll find articles and videos that will empower you to make the best investment decisions about what role bonds should play in your portfolio.The Best Bond Funds