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Dry Powder: Where to Park Your Cash

Many Happy Returns

CHAPTER

The Difference Between a Bond Fund and a Bond Ladder

If you psychologically know that you're not going to sell in a crash of the bond fund, I don't think there's that much difference. But your bond fund would have also had a massive capital gain in that situation. So by buying low coupon bonds, of which there are many at the moment, you minimize your tax liability even outside an ISA or a SIP. That's another conversation I've been having with a lot of clients right now.

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