Be weary of this Bill Cara guy. The idea that just because the stock market and economy are more volatile as a reason to sell an investment-grade corporate bond are not well founded. It is of prime importance that you understand where you put your money. The fact we face so much corporate risk in all markets is simply a reason to reduce your exposure to longer-term corporate bonds. The risks of an investment grade bond defaulting in under five years, if you have done your homework, remain roughly equal to that for government bonds.

I am queued up at the library for “In Your Best Interest: The Ultimate Guide to the Canadian Bond Market.” The title definitely sounds great! I’ll let you know if its worth your while when I get done with it. I am 8th in line, so hopefully won’t be too long.

Thanks for the info.