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Article: Core bond funds add fixed-income diversity
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- December 24, 2004
- Author:
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MEG RICHARDS, THE ASSOCIATED PRESS
The Record (Bergen County, NJ)
12-24-2004
Core bond funds add fixed-income diversity
By MEG RICHARDS, THE ASSOCIATED PRESS
Date: 12-24-2004, Friday
Section: BUSINESS
Edtion: All Editions.=.Two Star B. Two Star P. One Star B
NEW YORK - It's hard to get worked up about bond mutual funds when interest rates are rising, but most financial planners will tell you that no matter what the economy is doing or where rates are headed, a portion of your portfolio should be devoted to fixed income.
Even the youngest investors, or those convinced they have years of saving ahead, should allocate at least 10 percent of their portfolios to bonds, because it will help reduce ...