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Dry Powder: Where to Park Your Cash
Many Happy Returns
Bond Ladder
The risk is that interest rates increase and you're left stranded on the interest rate beach with low income. But it's a kind of nice risk, I think, because it means you won't make a loss. This is why I've never quite understood why you would go for a bond ladder over a bond fund. You've got more control, I'd say, over the maturity and also over when you sell.
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