Are You Concerned About the Volatility of a Bond Portfolio?

The frustrating situation that we're in right now, especially and including a muni bond portfolio, is the interest rates stink. Doesn't mean that there's no reason to buy bonds, but if interest rates go up, bond prics are going to fall. So we've got some significant risk there. Basically what a bond portfolio can do for you right now is that can basically assure you the preservation of your capital so that you can take advantage of the next opportunity.