Look into Claymore CLF and CBOI want to dissolve some of my mutual funds in my RIF and create a five year bond ladder. I am not that familiar with bonds ie which ones to select etc. and would welcome your help.
If you can evaluate and select individual bonds then sure go for it.Do you think I would be better to select individual bonds for my ladder rather than the group used in the 'cbo' ladder ?
Strips are easier to evaluate than regular bonds because there are no coupons and no re-investment risk.Thanks again for the input. Could I ask a question about strip bonds? Example : Telus Corp . offers a strip, maturing April15/2015 for $82.77 yielding 3.69%. What are the cost/yield variables if a person sells this bond prior to maturity ?
Is there a particular source or website where you view all available or open issues?There is actually a much wider selection out there on the market than what is advertised by your broker. You can pretty much buy any bond issue