I've learnt recently (thanks to Investing Intelligently and Efficient Market Canada) that bond investors should keep fund duration as short as possible because longer - term bonds offer little extra return for taking a higher interest - rate risk. (canadiancapitalist.com)
According to The Four Pillars of Investing, investors should keep their bond terms short because long - term bonds offer little extra return for taking on a higher interest - rate risk and long - term bonds have a larger decrease in price in a rising interest rate environment. (canadiancapitalist.com)
In the words of the legendary investor Benjamin Graham, more money has been lost reaching for a little extra return than any other financial sin. (thebalance.com)