Deep Dive: If you think bonds are too dangerous now, think again

You’ve probably read recent headlines telling you to stay away from bonds because interest rates are rising. But such conventional wisdom might not make sense if you are looking for income and have the patience to stick with a long-term strategy.

The CM Advisors Fixed Income Fund CMFIX, +0.17% is a short-term bond fund managed not only for current income and capital preservation, but also to take advantage of opportunities in the market to scoop up discounted securities. That can add significantly to long-term total returns through economic cycles.

The mutual fund has a five-star performance rating, the highest, from Morningstar.

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