13 Common Money Mistakes to Avoid in 2013
5. Buying into bond funds.
On the investing front, many people have piled into bond funds because of their high recent returns. But with many government bonds yielding less than 2 percent, you won't get much income for your trouble, and you could face big losses if interest rates don't continue to drop in the future. Right now, the risk-reward trade-off isn't in bonds' favor, so if you have a lot of them, look to trim your exposure.