Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

What's the difference between buying bonds and buying bond funds for the long-term?
why would anyone buy a long-term bond fund in a market like this one,   where interest rates are practically bottomed out? 1) You are making the assumption that interest rates has bottom out hence there is no further possibility of it  going down further , i mean who expected Lehman Brother to go bankrupt 2) Long term investors who are able to wait for the bad times of the bond market to end and in the mean time dont mind some dividend payment of 2-3%