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  • Dan, with regard to Chamboy's question, is purchasing a bond ETF or an interest in a bond mutual fund really equivalent to buying a bond?If you buy a bond and hold it to maturity, there is an assurance that you will be returned your initial investment.If you invest in a bond mutual fund or ETF, that assurance seems to be missing.From 1983 to 2013, bond interest rates have been declining.
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