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Special Report

Morningstar's Guide to Fixed-Income Investing

Tips, strategies, and picks for better bond investing.

Bonds are no longer the wallflowers at the dance.

Combined, taxable-bond and municipal-bond funds enjoyed inflows of nearly $519 billion in 2019, dwarfing the inflows to U.S. equity funds during that same time. 

What's the allure?

For those investors at the precipice of or in retirement, bonds are a must-own. They add much needed ballast to a portfolio during the drawdown phase. Depending on type, bonds can provide portfolio diversification benefits to those investors far from retirement, too. And they're useful for anyone who's funding a shorter-term goal.

Yet investing in bonds can be confusing. Should you stick with high-quality bonds or dabble in lower-quality fare? Go taxable or tax-free? Long or short? Bonds or bond funds? Or maybe you don't even need bonds at all, but you're not quite sure.

Morningstar's Guide to Fixed-Income Investing is designed to help answer those questions. Here you'll find articles and videos that will empower you to make the best investment decisions about what role bonds should play in your portfolio.

A Checklist for Taxable-Bond-Fund Investors

What Role Do Bonds Play in a Portfolio?

Cash Versus Bond Fund: Which Is Better?

What Type of Bond Funds Do You Need?

How Much of a Portfolio Should Be Invested in Bonds?

Handle These Bond Categories With Care

The Best Bond Funds

Should You Add Flavor to a Vanilla Bond Portfolio?

Tips for Choosing a TIPS Fund

How Do Interest Rates Affect Your Bonds?  

Short-Term Treasury ETFs Offer Safety, but Not Much Else

Are Dividend-Paying Stocks a Good Substitute for Bonds?

How and Why to Invest in Bonds: A Morningstar View

Do Bonds Still Have a Place in Retiree Portfolios?

What Kind of Bonds Should I Hold?

What Are Municipal Bonds?

Bonds Vs. Bond Funds

How to Pick a Good High-Yield Bond Fund